Saul Centers transferred with Buy rating at B. Riley

B. Riley put a Buy rating on Saul Centers with a $43.50 price target following a transfer of coverage. With the expected completion of two sizable mixed-use development projects in the next two years, Saul is well positioned to see earnings growth in the intermediate term, which should move the real estate investment trust “toward a compelling valuation based on the current share price,” the analyst tells investors in a research note.