RBC Capital Maintains Outperform on W.P. Carey, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Heffern maintains an Outperform rating on W.P. Carey (NYSE:WPC) but lowers the price target from $79 to $73.
September 26, 2023 | 2:08 pm
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NEGATIVE IMPACT
W.P. Carey's price target has been lowered from $79 to $73 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the short-term value of W.P. Carey's stock. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market or its sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100