Baird downgraded Plymouth Industrial REIT (PLYM) to Neutral from Outperform with a price target of $24, up from $19. The firm recommends taking profits at current share levels. It sees an over 90% chance a buyout of the company by Sixth Street Partners takes place. Plymouth’s current risk/reward at these levels is relatively balanced, the analyst tells investors in a research note.
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: