Piper Sandler upgraded Centerspace (CSR) to Overweight from Neutral with a price target of $72, up from $69. The firm cites valuation for the upgrade following the stock’s underperformance versus Centerspace’s apartment peers year-to-date. The company’s upper Midwest portfolio offers investors “differentiated exposure” than the coasts or Sunbelt of peers, the analyst tells investors in a research note. Piper believes Centerspace’s smaller markets remain strong.
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