Safehold price target lowered to $16 from $18 at Truist

Truist lowered the firm’s price target on Safehold (SAFE) to $16 from $18 and keeps a Hold rating on the shares. The firm is updating its model to reflect lower assumed equity raises and higher Safehold GL Holdings fundings while raising its FY26 view to $1.64 from $1.56, the analyst tells investors in a research note.