UPDATE: Wunderlich Securities Raises Price Target on Post Properties to $47

According to Wunderlich Securities, Post Properties PPS price target is raised to $47. Wunderlich Securities said that Post Properties, Inc. (PPS) reported better-than-expected core 4Q11 results before charges to retire debt. “PPS stock trades at a premium to peers on a dividend and cap rate basis, and we believe its current valuation has upside to the Post Properties closed yesterday at $45.47.