Scotiabank downgraded Artis REIT (ARESF) yesterday to Underperform from Sector Perform with a C$7.50 price target following the company’s deal with RFA Capital. The firm views the takeover as a negative. The merits of the proposed deal are challenging to assess given the “unusual” structure, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARESF: