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BofA Securities changed Alexandria Real Estate Equities' rating to Underperform and set a $45 price target.

OpinionRead the original at marketscreener.com
Bad for ARE

BofA cut ARE's rating from Neutral to Underperform and set a $45 target. The lower rating is negative, even though the target is near ARE's $44.30 share price.

ARE · Alexandria Real Estate Equities, Inc.

AI read · Bad for ARE

The AI's read

A lower rating from one firm signals a weaker view of ARE, but the note gives no details about its business. The $45 target is close to the current share price, yet it does not outweigh the explicit move to Underperform.

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