Raymond James Maintains Outperform on W.P. Carey, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst RJ Milligan has maintained an Outperform rating on W.P. Carey (NYSE:WPC) but lowered the price target from $78 to $63.
October 02, 2023 | 11:28 am
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NEGATIVE IMPACT
W.P. Carey's price target has been lowered from $78 to $63 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could lead to a negative sentiment among investors, potentially causing a short-term decrease in W.P. Carey's stock price. However, the maintained Outperform rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100