Colliers analyst Barry Oxford downgraded Plymouth Industrial REIT (PLYM) to Neutral from Buy with a $22 price target after the company entered into an agreement to be acquired by Makarora at $22 cash per share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLYM:
- Plymouth Industrial REIT price target lowered to $22 from $24 at Barclays
- Plymouth Industrial REIT price target lowered to $22 from $24 at BMO Capital
- Plymouth Industrial Reit Merger Agreement: Hold Rating Amid Valuation Uncertainty and Dividend Policy Changes
- Plymouth Industrial REIT Announces $2.1 Billion Acquisition
- Plymouth Industrial REIT to be acquired by Makarora for $22 per share, or $2.1B