As previously reported, BofA analyst Joshua Dennerlein upgraded Veris Residential to Neutral from Underperform with a price target of $18, up from $16. He is repositioning within the residential REITs space and said his upgrade reflects Veris having largely completed its transformation into a pure-play multifamily REIT. The sale prices for Harborside 1, 2 and 3 came in ahead of his expectations, added Dennerlein.
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