RioCan REIT Receives “Sector Outperform” Rating from CIBC (REI.UN)
RioCan REIT (TSE:REI.UN)‘s stock had its “sector outperform” rating reiterated by CIBC in a research note issued on Friday, Analyst Ratings Network reports. They currently have a C$30.00 price objective on the stock.
REI.UN has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of RioCan REIT (TSE:REI.UN) from C$26.50 to C$24.00 in a research note to investors on Wednesday, September 11th. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of RioCan REIT (TSE:REI.UN) from C$30.75 to C$29.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$29.00.
RioCan Real Estate Investment Trust (TSE:REI) is a closed-end real estate investment trust (REIT).
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