tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

FrontView REIT downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Ronald Kamdem downgraded FrontView REIT (FVR) to Equal Weight from Overweight with a price target of $13.50, down from $17. The analyst has “incremental caution” on dollar stores, pet supplies. and off-price retail heading into the Q2 reports for the triple net real estate investment trusts. It cites the unexpected management transition for the downgrade of FrontView and believes hitting economies of scale may take longer than expected.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1