Piper Sandler Downgrades Innovative Ind Props to Neutral, Announces $80 Price Target
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Alexander Goldfarb has downgraded Innovative Industrial Properties (NYSE:IIPR) from Overweight to Neutral and set a price target of $80.
June 30, 2023 | 8:48 am
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Innovative Industrial Properties has been downgraded to Neutral from Overweight by Piper Sandler, with a new price target of $80.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic outlook for the company. This could potentially lead to a decrease in the stock price in the short term. The new price target of $80 also provides a benchmark for investors.
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IMPORTANCE 80
RELEVANCE 100