Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on Safehold (SAFE) to $16 from $17 and keeps an Equal Weight rating on the shares. The firm updated its model ahead of the August 5 earnings report.
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Read More on SAFE:
- Is SAFE a Buy, Before Earnings?
- Safehold price target lowered to $19 from $20 at JPMorgan
- Safehold’s Hold Rating: Impact of Lower Earnings Estimates and Challenging Market Conditions
- Safehold closes on acquisition of ground lease in Salt Lake City
- Safehold management to meet virtually with Citizens JMP
