Piper Sandler Maintains Overweight on Terreno Realty, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has maintained an Overweight rating on Terreno Realty (NYSE:TRNO) but reduced the price target from $80 to $70.

November 10, 2023 | 9:47 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Terreno Realty but lowered the price target from $80 to $70, indicating a positive outlook but with reduced expectations.
While the Overweight rating suggests that Piper Sandler is still bullish on Terreno Realty's prospects, the reduction in the price target could imply a tempered growth forecast or market conditions that might not be as favorable as previously thought. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of continued confidence in the company's performance against a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100