UPDATE: Wunderlich Securities Raises Price Target on Post Properties to $47
According to Wunderlich Securities, Post Properties (NYSE: 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.
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