Mizuho lowered the firm’s price target on Realty Income (O) to $48 from $61 and keeps a Neutral rating on the shares following the announced acquisition of Spirit Realty (SRC). The pricing appears to be full for Realty Income shareholders, but the deal does have several immediate benefits, the analyst tells investors in a research note.
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Read More on O:
- Realty Income REIT (NYSE:O): Don’t Be in a Hurry to Buy the Dip
- Realty Income put volume heavy and directionally bearish
- Truist does not expect any superior bid for Spirit Realty
- Spirit Realty (NYSE:SRC) Soars on $9.1B Acquisition by Realty Income (NYSE:O)
- Realty Income to acquire Spirit Realty in $9.3B all-stock transaction
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