RBC Capital Maintains Outperform on CareTrust REIT, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Carroll has maintained an Outperform rating on CareTrust REIT (NYSE:CTRE) but has reduced the price target from $25 to $24.

January 31, 2024 | 3:31 pm
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NEUTRAL IMPACT
CareTrust REIT's Outperform rating is maintained by RBC Capital, though the price target has been lowered from $25 to $24.
The maintenance of an Outperform rating suggests a positive outlook on CareTrust REIT by RBC Capital, indicating continued confidence in the company's performance. However, the reduction in the price target could reflect a slight adjustment in expectations, possibly due to market conditions or company-specific factors. This news is likely to have a neutral short-term impact on the stock price as the positive rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100