Innovative Industrial Properties price target raised to $100 from $80 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Innovative Industrial Properties to $100 from $80 and keeps a Hold rating on the shares. While the firm sees limited prospects for robust AFFO growth in the near-term, especially on a per share basis, and remains on the sidelines, it is also increasing its price target on the shares to reflect improved prospects for cannabis reform and FED rate cuts.