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Analysts at CIBC dropped their price objective on shares of Pure Industrial Reit (CVE:AAR.UN) from C$5.50 to C$5.25 in a research report issued to clients and investors on Wednesday.

Separately, analysts at National Bank Financial downgraded shares of Pure Industrial Reit from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$5.25.

Pure Industrial Real Estate Trust (CVE:AAR) is an unincorporated open-ended real estate investment trust (REIT).

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