Truist Securities Maintains Hold Rating for Safehold: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Hold rating for Safehold (NYSE:SAFE) but lowered its price target from $31.00 to $24.00. Safehold's shares are currently trading up 1.4% at $20.28 per share. A move to $24.00 would represent an 18.34% increase from the current share price.
August 21, 2023 | 5:00 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Hold rating for Safehold but lowered its price target. This could potentially impact investor sentiment and the stock's price.
The decision by Truist Securities to maintain its Hold rating indicates a neutral stance on the stock. However, the lowering of the price target could potentially signal a less optimistic outlook, which might impact investor sentiment and the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100