JPMorgan analyst Michael Mueller downgraded Plymouth Industrial REIT to Underweight from Neutral with a price target of $25, up from $23. The firm, which is making eleven ratings changes in conjunction with its 2024 REITs and Real Estate Services Outlook, notes that the stock has been a significant outperformer in 2023 and says the rating changes part of a re-balancing of its sector and overall coverages in the JPM relative stock rating system.
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- Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2023
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