Evercore ISI Cuts Alexandria Real Estate Price Target Ahead of Investor Day
Evercore ISI lowered its price target on Alexandria Real Estate Equities (NYSE: ARE) to 74, while reaffirming an Outperform rating. The firm said Alexandria was set to host its annual investor day on December 3, an event that typically includes forward-year guidance and detailed underlying assumptions. Evercore noted that preliminary guidance filed via an 8-K in late October suggested that management would likely discuss additional trends shaping its 2026 outlook. Weak fundamentals in the lab spac ...