Craig-Hallum Maintains Hold Rating for Innovative Ind Props: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Craig-Hallum has maintained its Hold rating for Innovative Industrial Properties (IIPR) and increased its price target from $80.00 to $100.00. IIPR's shares are currently trading at $96.50, down 0.22% over the last 24 hours. The new price target suggests a potential upside of 3.63%. Innovative Industrial Properties is a REIT focused on properties leased to operators in the regulated medical-use cannabis industry.
March 07, 2024 | 5:00 pm
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Craig-Hallum maintains Hold rating for IIPR, raising price target from $80 to $100. Shares currently at $96.50, indicating a potential 3.63% increase.
The increase in price target by Craig-Hallum reflects a positive outlook on IIPR's performance, suggesting potential growth. Given the specific mention and the nature of the adjustment, this news is highly relevant and important for investors, indicating a likely positive short-term impact on IIPR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100