Piper Sandler Downgrades Alexander & Baldwin to Neutral with $21 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Piper Sandler downgraded Alexander & Baldwin to Neutral from Overweight with an unchanged price target of $21 after the company accepted an all-cash offer of $21.20 per share from a partnership of MW Group. Piper does not expect a competing bid to emerge.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
