W.P. Carey price target raised to $61 from $60 at Barclays

Barclays analyst Richard Hightower raised the firm’s price target on W.P. Carey (WPC) to $61 from $60 and keeps an Underweight rating on the shares. The firm updated real estate investment trust net lease models post the Q1 reports. Tenant creditworthiness is a “non-issue so far this year, judging by the REITs’ relative performance stack,” the analyst tells investors in a research note. However, the firm is not inclined to dismiss credit’s importance just yet.