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.
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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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
