Deutsche Bank raised the firm’s price target on CareTrust REIT to $27 from $23 and keeps a Hold rating on the shares. While the company’s Q1 performance was solid, its fiscal 2024 earnings growth will be highly dependent on deal execution, the analyst tells investors in a research note. The firm points out that management has a high degree of confidence that the reported deals will be closed over the next 12 months. It cites the “much improved” acquisition outlook for the target increase.
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