Truist Securities Maintains Buy on Plymouth Industrial REIT, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Anthony Hau maintains a 'Buy' rating on Plymouth Industrial REIT (NYSE:PLYM) but lowers the price target from $26 to $24.
November 06, 2023 | 2:03 pm
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Plymouth Industrial REIT's price target has been lowered from $26 to $24 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100