Pure Industrial Real Estate Trust (AAR.UN) Lowered to “Sector Perform” at Scotiabank

Pure Industrial Real Estate Trust (CVE:AAR.UN) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Wednesday. They currently have a C$8.10 price target on the stock, up from their prior price target of C$7.00. Scotiabank’s price target would suggest a potential upside of 63.64% from the stock’s current price.

A number of other analysts also recently commented on AAR.UN. CIBC boosted their target price on Pure Industrial Real Estate Trust from C$7.00 to C$7.25 in a research report on Thursday, December 14th. Raymond James Financial upgraded Pure Industrial Real Estate Trust from a “market perform” rating to an “outperform” rating in a research report on Monday. Finally, National Bank Financial downgraded Pure Industrial Real Estate Trust from an “outperform” rating to a “tender” rating and boosted their target price for the stock from C$7.00 to C$8.10 in a research report on Wednesday.

Shares of Pure Industrial Real Estate Trust (CVE AAR.UN) opened at C$4.95 on Wednesday. The company has a market capitalization of $673.18 and a price-to-earnings ratio of 18.33. Pure Industrial Real Estate Trust has a 12-month low of C$4.26 and a 12-month high of C$5.39.

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