Truist Securities Maintains Hold on Safehold, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has maintained a Hold rating on Safehold (NYSE:SAFE) but has reduced the price target from $24 to $19.
November 27, 2023 | 5:04 pm
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Truist Securities has maintained a Hold rating on Safehold but lowered the price target from $24 to $19, indicating a more cautious outlook on the stock's value.
The reduction in price target by Truist Securities suggests that the analyst sees less upside potential for Safehold's stock price in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price as the market adjusts to the new price target.
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IMPORTANCE 75
RELEVANCE 100