Site Centers price target raised to $68 from $64 at Wells Fargo

Wells Fargo analyst Dori Kesten raised the firm’s price target on Site Centers to $68 from $64 and keeps an Overweight rating on the shares. Among the real estate investment trusts, the firm has a neutral to positive-leaning bias on the strips when looking into 2025. Demand remains strong for high quality real estate, from a leasing and transaction perspective, with supply growth supportively low, the analyst tells investors in a research note.