BMO Capital Maintains Outperform on Granite REIT, Lowers Price Target to C$91
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Joanne Chen has maintained an 'Outperform' rating on Granite REIT, but lowered the price target from C$98 to C$91.
August 15, 2023 | 12:46 pm
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NEUTRAL IMPACT
Granite REIT's price target has been lowered from C$98 to C$91 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO 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 in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100