SAFE | Safety, Income and Growth, Inc.

SAFE Upgrades / Downgrades

Date	Action	Broker / Analyst	Change	Price Target
Sep 23, 2022	Downgrade	SMBC Nikko	Outperform → Neutral	$33
Feb 9, 2022	Initiated	Morgan Stanley	Overweight	$150
Jan 20, 2022	Downgrade	Mizuho	Buy → Neutral	$75
Jun 23, 2021	Initiated	B. Riley Securities	Buy	$100
Jan 27, 2021	Initiated	Goldman	Buy	$101
Jul 27, 2020	Upgrade	Mizuho	Neutral → Buy	$56
Jun 30, 2020	Initiated	Berenberg	Buy	$80
Apr 7, 2020	Initiated	SunTrust	Hold	$52
Jul 30, 2019	Downgrade	Barclays	Overweight → Underweight	$25
Nov 15, 2018	Downgrade	BofA/Merrill	Neutral → Underperform

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SAFE | Safety, Income and Growth, Inc.

SAFE Upgrades / Downgrades

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