Safehold price target raised to $16 from $15 at Mizuho

Mizuho raised the firm’s price target on Safehold (SAFE) to $16 from $15 and keeps a Neutral rating on the shares. The firm updated real estate investment trust targets to reflect the Q4 reports. The sector setup has become less clear following a new war with Iran and spike in oil prices that is driving up inflation and slowing growth, the analyst tells investors in a research note. Mizuho says this combination has historically weighed on REITs and “increases the need for selectivity.”