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Fly News Breaks for July 2, 2019
MPW
Jul 2, 2019 | 07:16 EDT
SunTrust analyst Michael Lewis upgraded Medical Properties Trust to Buy from Hold and raised his price target to $20 from $19. In a research note to investors, Lewis says he thinks the company has an opportunity to take advantage of a large acquisition pipeline and attractive cost of capital to drive above-average earnings growth. While he thinks the company's recent international deals will make money, he expects domestic deals in the second half of 2019 to have higher cap rates more "pleasing" to investors.
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