JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise

JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market. While REITs are often looked at as a resilient asset class and a hedge against inflation, the Real Estate Select Sector SPDR Fund (ARCA: XLRE) is performing right in line with the SPDR S&P 500 ETF Trust (ARCA: SPY): both down about 21% for the year.

According to data from Benzinga Pro, JPMorgan updated its ratings on the…

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