BMO Capital downgraded Boardwalk REIT (BOWFF) to Market Perform from Outperform with a price target of C$73, down from C$84. The firm believes the next twelve months will be challenging for Canadian multifamily real estate investment trusts and has become more concerned with supply risk in Boardwalk’s two largest markets, Calgary and Edmonton.
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Read More on BOWFF:
- Boardwalk REIT price target lowered to C$91 from C$98 at Raymond James
- Boardwalk REIT price target lowered to C$90 from C$98 at RBC Capital
- Boardwalk REIT price target lowered to C$84 from C$87 at BMO Capital
- Boardwalk REIT price target lowered to C$90 from C$96 at National Bank
- Boardwalk REIT price target lowered to C$81.75 from C$84.75 at Scotiabank