RBC Capital Maintains Outperform on Safehold, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee has maintained an 'Outperform' rating on Safehold (NYSE:SAFE) but lowered the price target from $41 to $38.
August 14, 2023 | 11:51 am
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NEUTRAL IMPACT
Safehold's price target has been lowered from $41 to $38 by RBC Capital, though the 'Outperform' rating is maintained.
The news is directly about Safehold. While the lowering of the price target might be seen as a negative, the maintenance of the 'Outperform' rating suggests that RBC Capital still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100