Ventas price target raised to $78 from $74 at Raymond James

Raymond James raised the firm’s price target on Ventas (VTR) to $78 from $74 and keeps an Outperform rating on the shares. Following a meeting with management, the firm is more confident in Ventas’s underwriting process, investment pipeline, and discipline, and expect the recently-increased pace of external growth to continue into next year, the analyst tells investors in a research note.