Stifel upgraded EPR Properties (EPR) to Buy from Hold with a price target of $65, up from $52, visiting the company. With improvements in the share price and cost of capital, the company “can once again return to reasonable external growth,” the analyst tells investors in a research note. Further, Stifel believes fundamentals in the theater industry continue to improve, and that the percentage rent will be a tailwind to EPR ‘s earnings over the next several years. It cites the improving cost of capital and box office for the upgrade.
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