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Fly News Breaks for June 19, 2019
VTR
Jun 19, 2019 | 21:28 EDT
Stifel analyst Chad Vanacore upgraded Ventas to Buy from Hold and raised his price target for the shares to $74 from $65. Ventas management's five-year plan to return to growth include expected annual 5%-7% funds from operations growth and 10%-12% total shareholder return from 2019 to 2024, Vanacore tells investors in a research note. He believes the company's senior housing acquisition in Quebec, Colony Loan refinancing and research and innovation investments "signal accelerated investments" and that its valuation will improve relative to peers.
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