RBC Capital Maintains Outperform on ALLIED PROPS REAL ESTATE INV TST, Lowers Price Target to C$21
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Pammi Bir has maintained an 'Outperform' rating on ALLIED PROPS REAL ESTATE INV TST (TSX:AP), but lowered the price target from C$27 to C$21.
October 30, 2023 | 3:56 pm
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RBC Capital has maintained an 'Outperform' rating on ALLIED PROPS REAL ESTATE INV TST, but lowered the price target from C$27 to C$21.
The news is directly about ALLIED PROPS REAL ESTATE INV TST. The 'Outperform' rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target from C$27 to C$21 indicates a reduced future valuation, which could have a negative impact. The overall short-term impact is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100