BSR REIT price target raised to $17 from $16 at CIBC

CIBC analyst Dean Wilkinson raised the firm’s price target on BSR REIT (BSRTF) to $17 from $16 and keeps an Outperformer rating on the shares. The company announced a “transformational” deal with AvalonBay Communities, the analyst tells investors in a research note. The firm adjusted estimates for the deal.