JonesTrading Reiterates Buy on Alpine Income Prop Trust, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JonesTrading analyst Matthew Erdner has reiterated a 'Buy' rating on Alpine Income Prop Trust (NYSE:PINE) but lowered the price target from $24 to $22.
July 21, 2023 | 4:34 pm
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NEUTRAL IMPACT
Alpine Income Prop Trust's price target has been lowered from $24 to $22 by JonesTrading, though the 'Buy' rating is maintained.
The news is directly about Alpine Income Prop Trust. The lowering of the price target might indicate a potential downside risk, but the reiteration of the 'Buy' rating suggests that the analyst still sees value in the stock. This could lead to mixed market reactions, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100