EPR Properties downgraded to Outperform from Strong Buy at Raymond James

Raymond James analyst RJ Milligan downgraded EPR Properties to Outperform from Strong Buy with an unchanged price target of $50. The firm cites the significant outperformance of the stock year-to-date for the downgrade, as well as continued headwinds, including an uncertain pace and magnitude of the box office recovery, and that its largest tenant is likely headed for a restructuring or bankruptcy, the analyst tells investors in a research note.