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