JMP Securities Maintains Market Outperform on Alexandria Real Estate, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Aaron Hecht has maintained a Market Outperform rating on Alexandria Real Estate (NYSE:ARE) but has reduced the price target from $160 to $140.
December 01, 2023 | 11:54 am
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JMP Securities reaffirmed a Market Outperform rating on Alexandria Real Estate but lowered the price target from $160 to $140, indicating a potential downside compared to the previous target.
The reduction in price target by JMP Securities suggests that while they remain optimistic about Alexandria Real Estate's performance, they see less upside potential than before. This adjustment could lead to a negative short-term impact on the stock price as investors recalibrate their expectations based on the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100