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Fly News Breaks for June 14, 2018
EDR, ACC
Jun 14, 2018 | 07:21 EDT
As previously reported, BofA/Merrill upgraded American Campus (ACC) to Buy from Neutral and raised its price target to $46.50 from $43. Analyst Juan Sanabria said American Campus is positioning to be a leader in student housing and sees support from institutional interest in the space and views it as attractive versus multifamily valuations. The analyst said better than expected recent asset sale prices and reports of the EdR (EDR) privatization bid support his higher price target.
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