KeyBanc downgraded Retail Opportunity (ROIC) to Sector Weight from Overweight without a price target The firm cites valuation for the downgrade following the recent rally. Upside from current levels may be relatively limited on a risk-adjusted basis, though there may still be modest upside to the extent a takeover deal materializes, the analyst tells investors in a research note. The firm says that to the extent a deal does not happen, there could be considerable downside risk in the shares.
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Read More on ROIC:
- Blackstone in advanced talks to acquire Retail Opportunity, Reuters reports
- Retail Opportunity downgraded to Market Perform at Raymond James
- Retail Opportunity reinstated with an Underperform at BofA
- Retail Opportunity downgraded to Underperform from Neutral at BofA
- Retail Opportunity reports Q3 FFO 25c, consensus 26c