CTO Realty price target raised to $22 from $20 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on CTO Realty Growth to $22 from $20 and keeps a Buy rating on the shares. The company reported Q2 beat and increased its outlook, the analyst tells investors in a research note. The firm continues to view CTO’s operating performance positively, saying its occupancy is expected to increase as implied by variance between in-place occupancy of 92.6% and leased occupancy of 94.6%.