Barclays Initiates Coverage On Stag Industrial with Equal-Weight Rating, Announces Price Target of $40
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch initiates coverage on Stag Industrial (NYSE:STAG) with an Equal-Weight rating and sets a price target of $40.

March 27, 2024 | 11:17 am
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NEUTRAL IMPACT
Barclays initiated coverage on Stag Industrial with an Equal-Weight rating and a price target of $40.
The initiation of coverage by Barclays with an Equal-Weight rating and a price target of $40 for Stag Industrial is a neutral to slightly positive signal for investors. The Equal-Weight rating suggests that Barclays views STAG as fairly valued at its current price, while the price target of $40 indicates a belief in potential upside. However, as this is a new coverage, the market's reaction may be moderate until further performance indicators emerge.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100