JMP Securities Maintains Market Outperform on Independence Realty Trust, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Aaron Hecht maintains a Market Outperform rating on Independence Realty Trust (NYSE:IRT) but lowers the price target from $20 to $15.
November 01, 2023 | 5:16 pm
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Independence Realty Trust's price target has been lowered from $20 to $15 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target for Independence Realty Trust by JMP Securities indicates a potential decrease in the stock's value in the short term. However, the maintenance of the Market Outperform rating suggests that the stock is still expected to perform better than the overall market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100