Flagship Communities REIT initiated with a Buy at TD Securities

TD Securities initiated coverage of Flagship Communities REIT (MHCUF) with a Buy rating and C$19 price target The firm views Flagship as a “unique way” for Canadian investors to gain exposure to the U.S. manufactured housing communities market, a business it likes. Flagship should generate accelerating earnings growth, which is not reflected in the shares, the analyst tells investors in a research note.