W.P. Carey price target lowered to $80 from $86 at JMP Securities

JMP Securities analyst Mitch Germain lowered the firm’s price target on W.P. Carey to $80 from $86 and keeps an Outperform rating on the shares. The firm walked away from recent conversations with management with continued confidence in the resiliency of W.P. Carey’s portfolio, and positively views the company’s strong position to capitalize on the active sale-leaseback environment, the analyst tells investors in a research note.