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Fly News Breaks for August 16, 2017
SRC
Aug 16, 2017 | 06:28 EDT
BofA/Merrill analyst Joshua Dennerlein upgraded Spirit Realty two notches to Buy from Underperform and increased its price target to $9.75 from $6.50. The analyst expects Spirit to "easily" beat 2017 guidance and consensus estimates and believes investors "overlooked" information on the Q2 conference call, and expects buybacks to benefit results even further in Q3 and Q4, and margins to improve from asset sales.
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