Pure Industrial Real Estate Trust (CVE:AAR.UN) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday. They presently have a C$8.10 price target on the stock, up from their prior price target of C$7.00. Scotiabank’s price objective would suggest a potential upside of 63.64% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. CIBC boosted their price target on shares of Pure Industrial Real Estate Trust from C$7.00 to C$7.25 in a report on Thursday, December 14th. Raymond James Financial upgraded shares of Pure Industrial Real Estate Trust from a “market perform” rating to an “outperform” rating in a research report on Monday. Finally, National Bank Financial downgraded shares of Pure Industrial Real Estate Trust from an “outperform” rating to a “tender” rating and boosted their price objective for the stock from C$7.00 to C$8.10 in a research report on Wednesday.

Pure Industrial Real Estate Trust (CVE:AAR.UN) remained flat at $C$4.95 during midday trading on Wednesday. Pure Industrial Real Estate Trust has a 52 week low of C$4.26 and a 52 week high of C$5.39. The company has a market cap of $673.18 and a price-to-earnings ratio of 18.33.

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