RBC Capital Maintains Outperform on W.P. Carey, Lowers Price Target to $79
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Brad Heffern maintains an Outperform rating on W.P. Carey (NYSE:WPC) but lowers the price target from $81 to $79.

July 31, 2023 | 2:33 pm
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NEUTRAL IMPACT
W.P. Carey's price target has been lowered from $81 to $79 by RBC Capital, though the Outperform rating is maintained.
The news is directly about W.P. Carey and its rating by RBC Capital. The lowering of the price target might indicate a slightly less optimistic outlook for the company, but the maintained Outperform rating suggests that the analyst still expects the stock to do better than the market average. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100