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Fly News Breaks for December 10, 2019
STAG
Dec 10, 2019 | 06:35 EDT
Wells Fargo analyst Blaine Heck upgraded STAG Industrial to Outperform from Market Perform with a price target of $35, up from $33. The analyst expects the company to post accelerating net operating income and rent spread metrics. STAG's low leverage, "attractive" cost of equity, and "robust" acquisition pipeline should allow it to continue to execute on strategic acquisition opportunities despite the low cap rate environment, Heck tells investors in a research note.
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