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Fly News Breaks for June 7, 2019
WPC
Jun 7, 2019 | 07:32 EDT
Citi analyst Emmanuel Korchman upgraded W.P. Carey to Neutral from Sell and raised his price target for the shares to $81 from $59. The analyst had been concerned about retail shareholder churn following the CPA-17 merger, but he now says the magnitude was less than anticipated and no longer a significant overhang. He adds the Neutral rating is more inline with the other net lease names he covers.
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