Postal Realty Trust price target lowered to $17 from $18 at Stifel

Stifel analyst Stephen Manaker lowered the firm’s price target on Postal Realty Trust to $17 from $18 and keeps a Buy rating on the shares. Due to higher interest rates, the firm is lowering its AFFO estimates and its other income forecast while increasing its interest expense expectation, the analyst tells investors. Stifel believes that Postal Realty Trust is “attractively priced” and is well positioned to ramp up acquisitions once the market opens up.