W.P. Carey price target raised to $66 from $62 at RBC Capital

RBC Capital raised the firm’s price target on W.P. Carey (WPC) to $66 from $62 and keeps an Outperform rating on the shares. The company’s results from the last two quarters “have finally stabilized from the tenant credit malaise and office exit headwinds seen over the past 18 months,” the analyst tells investors in a research note. The firm says Carey’s investment volumes had a strong start to 2025, with the top half of guidance “now looking likely and potential for more.”