BMO Capital Downgrades Independence Realty Trust to Underperform, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst John Kim downgraded Independence Realty Trust (NYSE:IRT) from Market Perform to Underperform and set a price target of $15.
December 15, 2023 | 12:40 pm
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BMO Capital downgraded Independence Realty Trust to Underperform and set a price target of $15, indicating a bearish outlook.
Downgrades by analysts can lead to a negative perception among investors and potential sell-off. The new price target of $15 suggests a lower expected value for the stock, which could result in a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100