Alexandria Real Estate Equities (ARE) saw its shares plummet 5.99% intraday, with the sharp decline occurring at the market open.
The sell-off followed a pre-market research note from BNP Paribas, which adjusted its price target on the stock downward to $44 from $50 and maintained an Underperform rating. This negative analyst action likely contributed to the bearish sentiment among investors at the opening bell.
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