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Centerspace price target lowered to $63 from $66 at RBC Capital
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Centerspace price target lowered to $63 from $66 at RBC Capital

RBC Capital lowered the firm’s price target on Centerspace to $63 from $66 and keeps a Sector Perform rating on the shares after its Q4 results and guidance. The company’s FY23 outlook for revenue and net operating income growth screens above the firm’s prior expectations, but this is being more than offset by higher corporate expenses and dilution from dispositions to right-size the balance sheet, the analyst tells investors in a research note.

Published first on TheFly

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