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Fly News Breaks for February 27, 2020
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Feb 27, 2020 | 18:49 EDT
Edward Jones analyst Jim Shanahan upgraded Realty Income to Buy from Hold.
News For O From the Last 2 Days
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Jan 20, 2022 | 07:03 EST
Mizuho analyst Vikram Malhotra lowered the firm's price target on Realty Income to $76 from $82 and keeps a Buy rating on the shares after taking over coverage of the name. After outperforming the S&P 500 Index in 2021, the real estate investment trust sector faces a "tricky macro set-up" in 2022, Malhotra tells investors in a research note. The analyst says "lofty" valuations and "resilient, but modestly decelerating" fundamentals imply multiple contraction risk. Malhotra downgraded his REIT sector view to Equal-weight and emphasizes stock selectivity with a focus on pricing power and duration.