CIBC Maintains Outperformer on Crombie REIT, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Dean Wilkinson has maintained an 'Outperformer' rating on Crombie REIT (OTC:CROMF) but lowered the price target from C$19 to C$18.

June 29, 2023 | 4:55 pm
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NEUTRAL IMPACT
CIBC has maintained an 'Outperformer' rating on Crombie REIT but lowered the price target from C$19 to C$18.
The news is directly related to Crombie REIT and is likely to influence investor sentiment. While the 'Outperformer' rating is positive, the lowering of the price target might create some uncertainty. However, as the change is relatively small, the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100