RBC Capital analyst Brad Heffern upgraded Centerspace to Outperform from Sector Perform with a price target of $63, up from $58. The company’s markets have been leading the apartment group in performance for some time given better affordability and supply dynamics, which should give Centerspace a chance to lead the group in 2024 rent growth, the analyst tells investors in a research note. The firm says the stock does not reflect this, with the lowest valuation in its coverage across all metrics.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CSR:
