Citizens JMP downgraded Alexandria Real Estate (ARE) to Market Perform from Outperform without a price target The firm cites uncertainties created by the Q3 results for the downgrade. This quarter “missed on multiple fronts,” including a lower Q3 earnings and a guide down on fiscal 2025, the analyst tells investors in a research note. Citizens says supply issues in key markets have been a headwind for Alexandria during a period where there has been a sustained slowdown in capital flows into the life science industry.
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