Retail Opportunity upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst RJ Milligan upgraded Retail Opportunity Investments Corp. to Outperform from Market Perform with a $16 price target. The analyst currently favors the shopping center real estate investment trusts with higher exposure to grocery anchored centers and limited exposure to the big-box tenant fallout. The firm says refinancing concerns are more than baked into Retail Opportunity’s current share price. It continues to view the company as a potential takeout candidate given its “extremely stable, high-quality portfolio of West Coast grocery-anchored centers.”