Berenberg analyst Kieran Lee upgraded Tritax Big Box REIT to Buy from Hold with an unchanged price target of 170 GBp. The company’s 2022 results highlighted its "operational resilience" and market conditions should remain more resilient than the market currently implies, the analyst tells investors in a research note. The market pricing implies distress, which is unlikely to materialize, says the firm. It upgraded the shares on valuation.
Published first on TheFly
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