RBC Capital Maintains Outperform on Safehold, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee has maintained an Outperform rating on Safehold (NYSE:SAFE) but lowered the price target from $38 to $33.
November 07, 2023 | 6:27 pm
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Safehold's price target has been lowered from $38 to $33 by RBC Capital, though the Outperform rating is maintained.
The news directly pertains to Safehold (NYSE:SAFE). While the Outperform rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or a perceived overvaluation. However, the impact on the stock price is uncertain in the short term as the Outperform rating suggests that the stock is still expected to do better than the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100