VICI Properties added to ‘Alpha List’ at Wolfe Research

Wolfe Research lowered the firm’s price target on VICI Properties to $37 from $46 and keeps an Outperform rating on the shares. The analyst also added the shares to the "Wolfe Alpha List." VICI will outperform in a period of uncertainty and there are "upsides to earnings growth," the analyst tells investors in a research note. The firm says the company benefits from strong rent collection and inflation escalators. It believes VICI’s relative discount to the group should be smaller than its historical level.