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Citi upgrades three REITs to Buy

Apr. 06, 2018 9:38 AM ETAvalonBay Communities, Inc. (AVB) StockRHP, AVB, PLDBy: Omer I., SA News Editor3 Comments
  • AvalonBay (NYSE:AVB), Prologis (NYSE:PLD) and Ryman Hospitality (NYSE:RHP) are raised from Neutral thanks to a promising growth outlook, according to Citi analyst Michael Bilerman.
  • Bilerman sees an average 15% upside on the three stocks, with AvalonBay (PT $190) standing out on cheapness, Prologis' (PT $71.5) growth coming from Europe, and Ryman (PT $86) monetizing its edge in the 1000+ room hotel market.
  • Source: Bloomberg

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