Alexandria Real Estate Equities shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $136 to $127.
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate Equities shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $136 to $127.
August 02, 2024 | 12:56 pm
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NEGATIVE IMPACT
Jefferies downgraded Alexandria Real Estate Equities from Buy to Hold and lowered its price target from $136 to $127, causing the stock to trade lower.
The downgrade from Jefferies and the lowered price target are likely to negatively impact investor sentiment and lead to a short-term decline in ARE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100