BMO Capital Downgrades Independence Realty Trust to Market Perform, Announces $19 Price Target
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst John Kim has downgraded Independence Realty Trust (NYSE:IRT) from Outperform to Market Perform and set a price target of $19.
July 18, 2023 | 10:22 am
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Independence Realty Trust has been downgraded by BMO Capital to Market Perform with a price target of $19.
The downgrade from Outperform to Market Perform by BMO Capital indicates a less optimistic outlook for IRT. This could potentially lead to a decrease in the stock's price in the short term. The price target of $19 provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100