Scotiabank analyst Greg McGinniss raised the firm’s price target on Realty Income to $64 from $61 and keeps a Sector Perform rating on the shares. The firm recently hosted the company’s CEO for investor meetings, the analyst tells investors. A few key takeaways from discussions include growing investment opportunities for the company’s improving cost of capital, the company’s Predictive Analytics Platform creates a competitive advantage, and management perceives a potential mismatch between the company’s fundamental value and stock price.
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