RBC Capital Maintains Outperform on Granite REIT, Lowers Price Target to C$97
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Pammi Bir has maintained an Outperform rating on Granite REIT (TSX:GRT), but lowered the price target from C$103 to C$97.
August 14, 2023 | 2:33 pm
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Granite REIT's price target has been lowered by RBC Capital from C$103 to C$97, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100