Truist lowered the firm’s price target on Plymouth Industrial REIT (PLYM) to $18 from $20 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its model to reflect recent events, adjusted revenue growth and expense assumptions, the analyst tells investors in a research note. Truist adds that the price target cut for Plymouth Industrial is primarily driven by known move-outs and extended vacancies.
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Read More on PLYM:
- Plymouth Industrial REIT expands portfolio in Atlanta, Cincinnati
- Plymouth Industrial REIT Appoints New Independent Director
- Plymouth Industrial REIT price target lowered to $20 from $21 at Baird
- Plymouth Industrial REIT price target lowered to $17 from $19 at Wedbush
- Plymouth Industrial REIT price target lowered to $24 from $27 at Citizens JMP
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