Wedbush Downgrades Alexandria Real Estate to Neutral, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson has downgraded Alexandria Real Estate (NYSE:ARE) from Outperform to Neutral and lowered the price target from $140 to $130.
July 24, 2024 | 9:53 am
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Wedbush analyst Richard Anderson downgraded Alexandria Real Estate from Outperform to Neutral and reduced the price target from $140 to $130.
The downgrade from Outperform to Neutral and the reduction in the price target from $140 to $130 by a reputable analyst is likely to negatively impact investor sentiment and short-term stock price performance for Alexandria Real Estate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100