Raymond James analyst Brad Sturges has adjusted his rating on Choice Properties REIT (PPRQF, Financial), shifting from an "Outperform" to a "Market Perform." Despite this change, the price target remains steady at C$16.
This downgrade comes in response to the stock's recent strong performance, which has influenced its valuation. While the stock's price has reached a significant level, the unchanged price target suggests that future growth might be more aligned with the average market expectations.