Barclays lowered the firm’s price target on W.P. Carey (WPC) to $56 from $59 and keeps an Underweight rating on the shares as part of a Q4 earnings preview for the net lease real estate investment trusts. The firm modestly reduced fiscal 2025 estimates in most cases to reflect higher interest rates and a more conservative view on tenant credit.
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Read More on WPC:
- W.P. Carey price target lowered to $59 from $60 at Scotiabank
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- W.P. Carey price target lowered to $60 from $61 at Evercore ISI
- Barclays downgrades W.P. Carey to Underweight into ‘heaviest lifting’
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