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Fly News Breaks for August 16, 2019
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Aug 16, 2019 | 08:18 EDT
DA Davidson analyst Thomas Catherwood raised his price target on Alexandria Real Estate to $166 and kept his Buy rating, citing the REIT's rising rent levels with record occupancy and leasing spreads reported year-to-date. The analyst believes that investors should focus on REITs with outsized growth prospects given the uncertainty in the global economy, and he sees Alexandria Real Estate's capital formation in life science sector along with its reloaded development pipeline adding as much as $21 per share in value at "at full build-out".
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