Raymond James raised the firm’s price target on Stag Industrial (STAG) to $40 from $39 and keeps an Outperform rating on the shares. The tone regarding industrial demand at REITworld a few weeks ago was more muted from what was already a tepid message only a few weeks prior during Q3 earnings calls, the analyst tells investors in a research note. The firm remains constructive on Stag due to the ongoing portfolio transformation focusing on faster growth markets, multi-tenant properties, and higher quality buildings/tenants, as well as the improved cost of capital fueling accretive external growth opportunities.
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Read More on STAG:
- Stag Industrial price target lowered to $38 from $41 at Wells Fargo
- Stag Industrial Inc. Reports Mixed Q3 2024 Results
- Stag Industrial reports Q3 core FFO 60c, consensus 59c
- Stag Industrial price target lowered to $40 from $42 at Barclays
- STAG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
