Scotiabank analyst Greg McGinniss raised the firm’s price target on W.P. Carey (WPC) to $63 from $59 and keeps a Sector Perform rating on the shares. The firm believes Q4 results provided further visibility into the company’s improving earnings growth outlook, the analyst tells investors. Scotiabank plans to stay on the sidelines until the company better demonstrates its ability to put capital to work.
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Read More on WPC:
- W.P. Carey price target raised to $66 from $58 at Wells Fargo
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- W. P. Carey Inc.: Strategic Divestitures and Strong Growth Trajectory Garner ‘Buy’ Rating
- W.P. Carey upgraded to Outperform from Market Perform at BMO Capital
- W. P. Carey Inc. Reports 2024 Financial Performance
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