Wunderlich Reiterates Buy on BRE Properties
Wunderlich is out with its report today on BRE Properties (NYSE: BRE), reiterating Buy.
In its report, Wunderlich writes, "We reiterate our Buy rating on BRE Properties, Inc. and our price target of $55 per share. The company reported in-line 3Q11 results and tightened its 2011 guidance range. We view current trading levels as an attractive entry point for this high-quality multifamily REIT focused on attractive Western U.S. growth markets."
At the time of posting, shares of BRE were trading at $48.81, down 0.57% from Wednesday's close.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.