Mizuho Maintains Buy on Realty Income, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhorta maintains a Buy rating on Realty Income (NYSE:O) but lowers the price target from $60 to $56.
March 07, 2024 | 11:52 am
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Mizuho analyst Vikram Malhorta maintains a Buy rating on Realty Income but lowers the price target from $60 to $56.
The adjustment in price target by Mizuho reflects a nuanced view on Realty Income's valuation, suggesting a slightly less optimistic outlook than before. However, maintaining a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the maintained confidence and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100