Realty Income price target raised to $70 from $61 at RBC Capital

RBC Capital raised the firm’s price target on Realty Income (O) to $70 from $61 and keeps an Outperform rating on the shares. The company’s 2026 guidance includes much higher acquisition volumes than expected, with the management calling out both a deep pipeline in the U.S. and Europe as well as a much-improved cost of capital, the analyst tells investors in a research note.