Raymond James Maintains Outperform on Four Corners Prop, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst RJ Milligan has maintained an Outperform rating on Four Corners Property Trust (FCPT) but has reduced the price target from $29 to $28.
January 08, 2024 | 5:44 pm
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NEUTRAL IMPACT
Four Corners Property Trust's price target has been lowered from $29 to $28 by Raymond James, although the Outperform rating is maintained.
The reduction in price target by Raymond James reflects a slightly more conservative valuation of FCPT, which could lead to a neutral short-term impact on the stock price. Investors may have already anticipated this adjustment due to market conditions. The maintenance of the Outperform rating suggests that the analyst still sees positive fundamentals in the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100