RBC Capital lowered the firm’s price target on Stag Industrial (STAG) to $38 from $40 and keeps a Sector Perform rating on the shares. The firm is reducing its earnings estimates to reflect a variety of items including a lower occupancy trend, weaker investment expectations, and higher debt costs after the management provided more conservative commentary on its outlook at the NAREIT conference in November noting that demand will likely remain muted through most of 2025, the analyst tells investors in a research note.
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