Piper Sandler lowered the firm’s price target on Alexander’s to $125 from $135 and keeps an Underweight rating on the shares following quarterly results. The firm expected a bigger drop in NOI given Q4 2023 and Q1 2024 aggregate wind down of IKEA, complete with a termination fee.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALX: