B. Riley Securities Maintains Buy Rating for Safehold: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B. Riley Securities has maintained its Buy rating for Safehold (NYSE:SAFE) but lowered its price target from $44.00 to $40.00. Safehold's shares are currently trading down 1.4% at $19.08 per share. A move to $40.00 would represent a 109.64% increase from the current share price.
September 06, 2023 | 5:00 pm
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B. Riley Securities maintains its Buy rating for Safehold but lowers its price target. This could potentially lead to increased investor interest, but the lowered price target may also indicate a slower growth rate than previously expected.
The maintained Buy rating indicates that B. Riley Securities still sees potential in Safehold, which could attract investors. However, the lowered price target suggests that they expect the stock to grow at a slower rate than previously anticipated. This could potentially impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100