RBC Capital Maintains Outperform on Riocan REIT, Lowers Price Target to C$24
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Pammi Bir maintains an Outperform rating on Riocan REIT (TSX:REI) but lowers the price target from C$25 to C$24.

August 04, 2023 | 3:34 pm
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RBC Capital maintains an Outperform rating on Riocan REIT but lowers the price target from C$25 to C$24.
The news is directly about Riocan REIT. The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is a positive signal. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100