BofA raised the firm’s price target on W.P. Carey (WPC) to $72 from $63 and keeps an Underperform rating on the shares. The company is updating its price targets for triple-net REITs under its coverage following Q4 results, the analyst tells investors. Key points include acquisition activity remained elevated in Q4, most net lease REITs expect to maintain 100-150bp investment spreads, and potential upside to guidance from increased investment activity, the firm says
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