Truist Securities Maintains Buy on Plymouth Industrial REIT, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Anthony Hau maintains a Buy rating on Plymouth Industrial REIT (NYSE:PLYM) but lowers the price target from $26 to $24.
February 29, 2024 | 2:20 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Plymouth Industrial REIT but lowers the price target from $26 to $24.
While the maintenance of a Buy rating indicates continued confidence in Plymouth Industrial REIT's fundamentals and growth prospects, the reduction in the price target could reflect a reassessment of near-term valuation metrics or market conditions impacting the real estate sector. This mixed signal might lead to short-term market uncertainty for PLYM, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100