BMO Capital Downgrades W.P. Carey to Market Perform, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Frank Lee has downgraded W.P. Carey (NYSE:WPC) from Outperform to Market Perform and lowered the price target from $75 to $60.
September 26, 2023 | 9:16 am
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NEGATIVE IMPACT
W.P. Carey's rating has been downgraded by BMO Capital, with a lowered price target. This could potentially impact the stock's performance.
The downgrade from Outperform to Market Perform by BMO Capital indicates a less optimistic outlook for W.P. Carey. The lowering of the price target from $75 to $60 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100