Jefferies Initiates Coverage On Safehold with Buy Rating, Announces Price Target of $33
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Jonathan Petersen has initiated coverage on Safehold (NYSE:SAFE) with a Buy rating and set a price target of $33.
January 04, 2024 | 1:58 pm
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Jefferies has initiated coverage on Safehold with a Buy rating and a price target of $33, which could positively influence investor sentiment and the stock's price.
Analyst coverage, especially with a Buy rating, tends to generate positive investor sentiment, which can lead to an increase in stock price. The announcement of a price target above the current market price suggests an expected upside, which may influence investors to buy the stock in anticipation of potential gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100