Wedbush lowered the firm’s price target on Alexandria Real Estate (ARE) to $110 from $120 and keeps a Neutral rating on the shares. Alexandria Real Estate’s investor day event outlined a still-challenged fundamental backdrop but with an eye toward an eventual inflection point driven by a methodical decline in life science supply, the analyst tells investors in a research note. The firm says it is processing another set of hurdles to clear.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARE:
- Alexandria Real Estate price target lowered to $144 from $186 at BTIG
- Booking initiated, Workday downgraded: Wall Street’s top analyst calls
- Alexandria Real Estate price target lowered to $119 from $121 at Evercore ISI
- Alexandria Real Estate downgraded to Neutral from Overweight at JPMorgan
- Morgan Stanley, Comerica upgraded: Wall Street’s top analyst calls