Morgan Stanley Sticks to Their Hold Rating for Arena REIT (ARF)
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Simon Chan maintained a Hold rating on Arena REIT (ARF) with a price target of A$2.65, according to a recent report. This contrasts with the broader market consensus, which suggests a Moderate Buy rating and an average price target of A$3.41 for the real estate stock.
In a report released today, Simon Chan from Morgan Stanley maintained a Hold rating on Arena REIT, with a price target of A$2.65.
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Chan covers the Real Estate sector, focusing on stocks such as Charter Hall Group, Goodman Group, and Centuria Capital Group. According to TipRanks, Chan has an average return of 2.4% and a 51.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arena REIT with a A$3.41 average price target.