RBC Capital lowered the firm’s price target on Alexandria Real Estate to $130 from $135 and keeps an Outperform rating on the shares after its Q2 results. The company delivered a fine operational update that was largely in-line with expectations, but the management also highlighted a few sizable transactions that negatively impact the earnings run rate, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARE:
- Alexandria Real Estate downgraded to Hold from Buy at Jefferies
- Alexandria Real Estate downgraded to Neutral from Buy at BofA
- Alexandria Real Estate downgraded to In Line from Outperform at Evercore ISI
- Wedbush downgrades Alexandria Real Estate on market oversupply
- Alexandria Real Estate downgraded to Neutral from Outperform at Wedbush