John Kim Maintains Hold on Alexandria Equities, Keeps Price Target Unchanged at $52 Amid Near-Term Weakness and Long-Term Offsets
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John Kim of BMO Capital has maintained a Hold rating on Alexandria Equities, keeping the price target at $52. He cites deteriorating near-term fundamentals, including the weakest life science leasing metrics in a decade, but acknowledges long-term strengths such as strong pre-leasing for upcoming projects and manageable debt. Despite negative trends like lower occupancy and revised FFO guidance, Kim views the risk-reward as balanced, leading to his neutral stance.
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