** BMO slashes PT on real estate investment trust $(REIT)$ Alexandria Real Estate Equities ARE.N to $60 from $67
** New PT still an upside of 23.9% from the stock's last close
** Maintains "outperform" rating
** Brokerage says co to face a prolonged biotech slump with recovery years away, citing added pressure from funding cuts, regulatory turnover and drug pricing policies
** BMO slashes ARE's 2026 FFO/unit forecast to $6.39/share from $6.63/share
** Co on Wednesday cut its quarterly dividend by 45% to $0.72 per share for Q4, as compared to Q3
** 4 of 15 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell"; their median PT is $65 - data compiled by LSEG
** As of last close, stock down 50.4% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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