JP Morgan Upgrades Acadia Realty Trust to Neutral, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller has upgraded Acadia Realty Trust (NYSE:AKR) from Underweight to Neutral and set a price target of $18.
June 26, 2024 | 1:43 pm
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JP Morgan analyst Michael Mueller has upgraded Acadia Realty Trust from Underweight to Neutral and set a price target of $18.
The upgrade from Underweight to Neutral by a major financial institution like JP Morgan is likely to positively impact investor sentiment and could lead to a short-term increase in the stock price. The new price target of $18 provides a specific valuation benchmark for investors.
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