Citigroup Downgrades Alexandria Real Estate to Neutral, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nick Joseph has downgraded Alexandria Real Estate (NYSE:ARE) from Buy to Neutral and reduced the price target from $130 to $125.
September 13, 2024 | 1:23 pm
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Citigroup has downgraded Alexandria Real Estate from Buy to Neutral, with a reduced price target of $125, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by Citigroup suggests a less favorable view on Alexandria Real Estate's stock performance. The lowered price target from $130 to $125 indicates reduced expectations for the company's valuation, likely leading to a negative short-term impact on the stock price.
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