Desjardins analyst Lorne Kalmar initiated coverage of RioCan REIT with a Buy rating and C$25 price target. The analyst contends that brick-and-mortar retail "passed the ultimate test and cemented itself as an integral component of the future of retail" in surviving the pandemic, adding that the Canadian retail sector is "entering 2023 in the best position it has been in for years."
Published first on TheFly
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Read More on RIOCF:
- RioCan Real Estate Investment Trust Schedules First Quarter 2023 Earnings Release, Conference Call and Webcast
- RioCan Real Estate Investment Trust Announces March 2023 Distribution
- RioCan Real Estate Investment Trust completes offering of $200 million Series AG senior unsecured debentures
- RioCan Real Estate Investment Trust announces offering of $200 million, Series AG senior unsecured debentures with a coupon of 5.611% and an all-in interest rate of 5.184% after including the benefits of bond forward hedges
- RioCan REIT price target lowered to C$26 from C$26.25 at Scotiabank
