Barclays Double Downgrades Safety Income Growth (SAFE) to Underweight

July 30, 2019 2:56 AM EDT
Get Alerts SAFE Hot Sheet
Price: $75.69 -0.39%

Rating Summary:
    5 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 32
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Barclays analyst Ross Smotrich downgraded Safety Income Growth (NYSE: SAFE) from Overweight to Underweight with a price target of $25.00 (from $23.00).

  • Double downgrades following recent appreciation in valuation.
  • Believes positives are "more than priced in at current levels."
  • Sees unfavorable risk/reward.
  • Says there are limited NT catalysts to justify the valuation premium.

For an analyst ratings summary and ratings history on Safety Income Growth click here. For more ratings news on Safety Income Growth click here.

Shares of Safety Income Growth closed at $33.55 yesterday.



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