Safehold price target raised to $25 from $20 at Mizuho

Mizuho raised the firm’s price target on Safehold (SAFE) to $25 from $20 and keeps a Neutral rating on the shares following the “decent” Q3. Safehold is the most interest-rate sensitive name in the group, given its very long-duration leases and investment spread business model, the analyst tells investors in a research note.