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Fly News Breaks for December 18, 2019
Dec 18, 2019 | 06:08 EDT
RBC Capital analyst Michael Carroll upgraded STAG Industrial to Top Pick from Outperform with a price target of $34, up from $33. The analyst expects the company's same-store net operating income to continue trending higher in 2020 as its management projects growth of 2%-3% over the next 3-5 years, citing STAG Industrial's "strengthening market" as well as its more formalized process in "enlisting 3rd party brokers to negotiate renewals".