CIBC analyst Tal Woolley has revised the price target for Allied Properties from C$17.50 to C$17, maintaining a Neutral rating on the stock. This change comes as the company is facing difficulties due to the effects of remote work trends that have emerged post-COVID-19. Woolley's note highlights the ongoing impacts on the real estate sector, reflecting the broader challenges that many companies are encountering in adapting to the new normal in work habits and market conditions.
CIBC analyst Tal Woolley has reduced the price target on Allied Properties to C$17, reflecting ongoing challenges in the real estate sector from increased remote work post-COVID.
Despite the adjustment in price target to C$17 from C$17.50, Woolley maintains a Neutral rating on Allied Properties, indicating caution in the current market conditions.
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