Safehold price target raised to $27 from $25 at Goldman Sachs

Goldman Sachs analyst Caitlin Burrows raised the firm’s price target on Safehold to $27 from $25 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect the present value of future cash flows from the company’s current portfolio plus the present value of cash flows from its expected incremental investments over the next twelve months, the analyst tells investors in a research note.