CLSA analyst James Druce upgraded Stockland to Outperform from Underperform with a A$3.98 price target. The increased risk of a recession and a sticky inflation environment is "paradoxically good" for the residential real estate investment trusts, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly