RBC Capital Maintains Outperform on MORGUARD NA RES REAL ESTATE INV TR, Lowers Price Target to C$20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Pammi Bir maintains an Outperform rating on MORGUARD NA RES REAL ESTATE INV TR (TSX:MRG) but lowers the price target from C$24 to C$20.
October 26, 2023 | 4:56 pm
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RBC Capital maintains an Outperform rating on MORGUARD NA RES REAL ESTATE INV TR but lowers the price target from C$24 to C$20.
The news is directly about MORGUARD NA RES REAL ESTATE INV TR. The Outperform rating suggests that the analyst expects the stock to do better than the market average. However, the lowering of the price target may indicate a reduced growth expectation, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100