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Alexandria Real Estate price target lowered to $43 from $60 at Cantor Fitzgerald

Cantor Fitzgerald analyst Richard Anderson lowered the firm’s price target on Alexandria Real Estate (ARE) to $43 from $60 and keeps a Neutral rating on the shares. Alexandria Real Estate reported inline Q1 FFO but continues to face near-term pressure from life science real estate oversupply, regulatory uncertainty, and lease expirations, the analyst tells investors in a research note.

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