Slate Grocery price target lowered to $9 from $9.50 at Scotiabank

Scotiabank lowered the firm’s price target on Slate Grocery to $9 from $9.50 and keeps a Sector Perform rating on the shares following Q1 results. While fundamentals remain attractive for grocery anchored open air centers, the firm believes there’s still more work to be done on the balance sheet, the analyst tells investors.