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UPDATE: JP Morgan Raises PT to $62 on Health Care REIT Post Q2

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JP Morgan reiterated its Overweight rating on Health Care REIT (NYSE: HCN) and increased its price target from $61 to $62.

JP Morgan commented, "Our OW rating on HCN is based on a number of factors including our belief that the stock has above-average growth prospects relative to the health care sector, and we see valuation attractive based on discounted trading multiples and an above-average dividend yield."

Health Care REIT closed at $60.17 on Thursday.

Latest Ratings for HCN

DateFirmActionFromTo
Sep 2016Stephens & Co.Initiates Coverage onOverweight
Aug 2016BTIG ResearchInitiates Coverage onNeutral
Aug 2016UBSMaintainsNeutral

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Posted-In: JP MorganAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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