RBC Capital Maintains Outperform on RIOCAN REAL ESTATE INVESTMENT TRUST, Lowers Price Target to C$22
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Pammi Bir has maintained an Outperform rating on RIOCAN REAL ESTATE INVESTMENT TRUST (TSX:REI), but lowered the price target from C$24 to C$22.
November 06, 2023 | 5:04 pm
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RBC Capital has maintained an Outperform rating on RIOCAN REAL ESTATE INVESTMENT TRUST, but lowered the price target from C$24 to C$22.
The news is directly about RIOCAN REAL ESTATE INVESTMENT TRUST. The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is a positive signal. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst expects less upside than before. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100