Compass Point Downgrades Acadia Realty Trust to Neutral, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Floris Van Dijkum has downgraded Acadia Realty Trust (AKR) from Buy to Neutral and set a price target of $16.
November 30, 2023 | 12:44 pm
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Acadia Realty Trust was downgraded by Compass Point from Buy to Neutral with a new price target of $16.
Downgrades by analysts can lead to a negative perception among investors and may result in a short-term decline in the stock price. The new price target of $16 suggests a potential adjustment in the stock's valuation.
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IMPORTANCE 75
RELEVANCE 100