Compass Point Upgrades Acadia Realty Trust to Buy, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Compass Point has upgraded Acadia Realty Trust (NYSE:AKR) from Neutral to Buy, with an increased price target from $23 to $27.
October 10, 2024 | 12:32 pm
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POSITIVE IMPACT
Compass Point has upgraded Acadia Realty Trust from Neutral to Buy, increasing the price target from $23 to $27. This upgrade may positively influence investor sentiment and potentially drive the stock price higher in the short term.
The upgrade from Neutral to Buy by Compass Point, along with a raised price target, suggests increased confidence in Acadia Realty Trust's future performance. Such analyst upgrades often lead to positive investor sentiment and can result in a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100