RBC Capital Downgrades Alexandria Real Estate to Sector Perform, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Alexandria Real Estate (NYSE:ARE) from Outperform to Sector Perform and reduced its price target from $130 to $125.
October 25, 2024 | 4:51 pm
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RBC Capital has downgraded Alexandria Real Estate from Outperform to Sector Perform, reducing the price target from $130 to $125.
The downgrade from Outperform to Sector Perform by RBC Capital suggests a less optimistic view on Alexandria Real Estate's future performance. The reduction in price target from $130 to $125 indicates a potential decrease in expected valuation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100