Raymond James Maintains Outperform on Stag Industrial, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst William Crow has maintained an 'Outperform' rating on Stag Industrial (NYSE:STAG), but lowered the price target from $39 to $37.
October 31, 2023 | 5:35 pm
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NEUTRAL IMPACT
Stag Industrial's price target has been lowered from $39 to $37 by Raymond James, though the 'Outperform' rating is maintained.
The news is directly about Stag Industrial and is likely to influence investor sentiment. The lowering of the price target might suggest a slightly less optimistic outlook, but the maintained 'Outperform' rating indicates that the analyst still expects the stock to do better than the market average. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100