CIBC reiterated their sector outperform rating on shares of RioCan REIT (TSE:REI.UN) in a research report sent to investors on Friday morning, Analyst Ratings Network reports. The firm currently has a C$30.00 price target on the stock.
CIBC has also taken action a number of other stocks recently. The firm lowered its price target on shares of Canadian National Railway from $113.00 to $110.00. They have a sector perform rating on that stock. Also, CIBC upgraded shares of Gold Fields from an underperform rating to a sector perform rating. Finally, CIBC reiterated its sector outperform rating on shares of Enbridge. They have a $52.00 price target on that stock.
A number of other firms have also recently commented on REI.UN. Analysts at Canaccord Genuity cut their price target on shares of RioCan REIT from C$26.50 to C$24.00 in a research note to investors on Wednesday, September 11th. They now have a hold rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of RioCan REIT from C$30.75 to C$29.00 in a research note to investors on Friday, August 2nd. They now have a market perform rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. RioCan REIT presently has an average rating of Buy and a consensus target price of C$29.00.
RioCan Real Estate Investment Trust (TSE:REI) is a closed-end real estate investment trust (REIT).
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