Deutsche Bank upgraded Gaming and Leisure Properties (GLPI) to Buy from Hold with a price target of $54, up from $49. Shares have been an underperformer in 2024 given the heightened sensitivity around interest rates, but the firm sees drivers of upside in shares that include a healthy pipeline post an active 2024; a well positioned balance sheet, complemented with access to equity capital and limited potential near-term refinancing headwinds; healthy tenant coverage positions; and favorable relative valuation metrics.
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Read More on GLPI:
- Gaming and Leisure Properties upgraded to Buy from Hold at Deutsche Bank
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
