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Retail Opportunity price target raised to $17.50 from $16 at Wells Fargo

Wells Fargo analyst Dori Kesten raised the firm’s price target on Retail Opportunity (ROIC) to $17.50 from $16 and keeps an Equal Weight rating on the shares. The firm notes Blackstone (BX) and Retail Opportunity entered into an agreement for the former to acquire all Retail’s shares for $17.50/share in an all-cash transaction valued at $4B, slated to close Q1 2025.

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