Raymond James downgraded Allied Properties to Market Perform from Outperform with a price target of C$20, down from C$23. Allied’s Canadian office portfolio can benefit from a flight-to-quality by prospective office users seeking to high-grade their respective office footprints, but Raymond James cites the near-term headwinds for Canadian office assets for the downgrade.
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Read More on APYRF:
- Allied Announces Fourth-Quarter and Year-End Results
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- Allied Properties price target raised to C$22 from C$19 at National Bank
- Allied Announces January 2024 Distribution
- Allied Announces Conference Call to Discuss Fourth-Quarter Financial Results
