RBC Capital Maintains Sector Perform on Nexus Ind REIT, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jimmy Shan has maintained a 'Sector Perform' rating on Nexus Ind REIT (EFRTF) but lowered the price target from $9 to $8.5.
March 18, 2024 | 5:06 pm
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RBC Capital has maintained its 'Sector Perform' rating on Nexus Ind REIT but reduced the price target from $9 to $8.5.
The reduction in price target by RBC Capital, despite maintaining the 'Sector Perform' rating, could indicate a slightly less optimistic outlook on Nexus Ind REIT's stock performance in the short term. This adjustment in the price target might lead to a negative perception among investors, potentially causing a short-term decrease in the stock price.
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