Mizuho Downgrades Safehold to Neutral, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste downgraded Safehold (NYSE:SAFE) from Buy to Neutral and reduced the price target from $22 to $20.
May 10, 2024 | 9:24 am
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Safehold was downgraded by Mizuho from Buy to Neutral, with a price target reduction from $22 to $20.
Analyst downgrades typically lead to a negative short-term reaction in the stock price. The reduction in price target further emphasizes a bearish outlook, likely leading to decreased investor confidence and a potential drop in SAFE's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100