Service Properties price target raised to $3 from $2 at B. Riley

B. Riley raised the firm’s price target on Service Properties (SVC) to $3 from $2 and keeps a Neutral rating on the shares. A recent zero-coupon debt issuance mitigates near-term liquidity risk, should put Service back in compliance with incurrence covenants and will also allow the REIT to repay early all 2026 unsecured debt maturities, the analyst tells investors.