Curbline Properties initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of Curbline Properties (CURB) with an Equal Weight rating and $27 price target Curbline has “a differentiated platform” focused on smaller convenience centers in high-income suburbs, is well capitalized, and can reach favorable economies of scale in four years, the analyst tells investors. While “constructive,” the analyst sees peer-leading growth reflected in the stock’s premium valuation.