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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Read More on PLYM:
- Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2023
- Plymouth Industrial REIT price target lowered to $26 from $27 at B. Riley
- Plymouth Industrial REIT price target lowered to $24 from $26 at Truist
- Plymouth Industrial REIT sees FY23 core FFO $1.84-$1.86, consensus $1.84
- Plymouth Industrial REIT reports Q3 core FFO 46c, consensus 46c