Safehold price target raised to $23 from $22 at Truist

Truist analyst Ki Bin Kim raised the firm’s price target on Safehold (SAFE) to $23 from $22 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its model to reflect Q3 results, recent events, and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.