Baird Downgrades Stag Industrial to Neutral, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Rodgers has downgraded Stag Industrial (NYSE:STAG) from Outperform to Neutral, while also raising the price target from $38 to $41.
January 05, 2024 | 11:57 am
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NEUTRAL IMPACT
Stag Industrial was downgraded by Baird from Outperform to Neutral, although the price target was increased from $38 to $41.
The downgrade to Neutral suggests that Baird sees limited upside potential or increased risk in STAG's stock, which could lead to a short-term negative impact on the stock price. However, the increase in the price target to $41 indicates a belief that the stock still has room to grow, which could mitigate any negative sentiment. The mixed nature of this news leads to a neutral score, as the market may weigh the downgrade against the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100