Evercore ISI lowered the firm’s price target on Alexandria Real Estate (ARE) to $72 from $74 and keeps an Outperform rating on the shares ahead of the company’s investor day meeting on December 3. Shares have been under pressure throughout 2025 due to weak lab market fundamentals and a challenging capital markets environment for life sciences and biotech companies, notes the analyst, who argues that the investor day will be “pivotal” to address these concerns and lay out a path for FFO growth beyond 2026.
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