Raymond James downgraded Healthcare Realty Trust (HR) to Underperform from Market Perform without a price target The firm cites the stock’s recent outperformance relative to peers following the company’s new strategic plan for the downgrade. Healthcare Realty’s valuation is now full, with the stock trading in line with net asset value, the analyst tells investors in a research note. While the new strategic plan is welcome, the stock “has gotten a little ahead of itself,” contends Raymond James.
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