JMP Securities Reiterates Market Outperform on Independence Realty Trust, Maintains $20 Price Target
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Aaron Hecht has reiterated a 'Market Outperform' rating on Independence Realty Trust (NYSE:IRT) and maintained a $20 price target.
July 27, 2023 | 4:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Independence Realty Trust's stock rating has been reiterated as 'Market Outperform' by JMP Securities, with a maintained price target of $20.
The reiteration of a 'Market Outperform' rating by JMP Securities indicates a positive outlook for Independence Realty Trust. The maintained price target of $20 also suggests that the analyst believes the stock is undervalued at current levels. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100