Mizuho Maintains Buy on Realty Income, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhorta maintains a Buy rating on Realty Income (NYSE:O) and raises the price target from $56 to $59.
May 10, 2024 | 11:06 am
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POSITIVE IMPACT
Mizuho's upgrade of the price target for Realty Income to $59 suggests a positive outlook on the stock's performance.
Analyst upgrades, especially with increased price targets, typically lead to positive short-term price movements as they reflect confidence in the company's future performance. Mizuho's upgrade indicates a bullish outlook on Realty Income, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100