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W.P. Carey price target raised to $63 from $59 at Scotiabank

Scotiabank analyst Greg McGinniss raised the firm’s price target on W.P. Carey (WPC) to $63 from $59 and keeps a Sector Perform rating on the shares. The firm believes Q4 results provided further visibility into the company’s improving earnings growth outlook, the analyst tells investors. Scotiabank plans to stay on the sidelines until the company better demonstrates its ability to put capital to work.

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