Wedbush Maintains Neutral on Alexandria Real Estate, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson maintains a Neutral rating on Alexandria Real Estate (NYSE:ARE) and lowers the price target from $130 to $120.
October 23, 2024 | 3:39 pm
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NEGATIVE IMPACT
Wedbush has maintained a Neutral rating on Alexandria Real Estate and reduced the price target from $130 to $120, indicating a cautious outlook.
The reduction in the price target from $130 to $120 by Wedbush suggests a less optimistic view on Alexandria Real Estate's short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100