Post by
MARKOPOLIS on Aug 06, 2024 7:50am
ratings
Several brokerages recently weighed in on SOT.UN. CIBC cut shares of Slate Office REIT from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 26th. Royal Bank of Canada downgraded shares of Slate Office REIT from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$0.70 to C$0.30 in a research report on Wednesday, June 26th. Cormark dropped their price objective on shares of Slate Office REIT from C$0.80 to C$0.65 in a research note on Tuesday, May 7th. TD Securities downgraded shares of Slate Office REIT from a “hold” rating to a “sell” rating and decreased their target price for the stock from C$0.75 to C$0.25 in a research note on Wednesday, June 26th. Finally, BMO Capital Markets cut Slate Office REIT from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$0.70 to C$0.30 in a research report on Wednesday, June 26th.
Comment by
Tree2tree on Aug 06, 2024 9:43am
Does anyone here have access to any of those analyst reports, to see in detail how they value the company? The critial issue is the realistic market value of the properties in a liquidation.
Comment by
Northforce13 on Aug 06, 2024 12:11pm
The way analysts work is simple, after a stock declines they all run in after the fact with ratings and price target downgrades.
Comment by
Tree2tree on Aug 06, 2024 4:05pm
You are correct of course, but it's still possible to get clues from their analysis to understand the values and the risks.
Comment by
rad10 on Aug 08, 2024 10:49am
Typical analysts. Results were bad, we know this. Analcysts behave like captain obvious.