BMO Capital Markets has increased the price target for Alexandria Real Estate Equities (NYSE: ARE) from $60.00 to $65.00, according to a recent research note. The firm maintains an outperform rating on the real estate investment trust’s stock.
Other analysts have also released reports on Alexandria Real Estate Equities in recent weeks, reflecting ongoing interest in the company’s performance and outlook.
**Why this matters**
An increased price target and positive rating from a major financial institution like BMO Capital Markets may influence investor sentiment and trading activity. It signals confidence in the company’s growth prospects within the real estate investment sector.
Source: News Source