UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Medical Properties Trust
In a report published Monday, Jefferies & Company reiterated its Hold rating on Medical Properties Trust (NYSE: MPW), and slightly raised its price target from $11.00 to $12.00.
Jefferies noted, “MPW's strong acquisition outlook for 2013 should drive earnings growth and further diversification from LTACs and IRFs. This makes us incrementally positive on the story. We are raising our PT to $12 from $11.”
Medical Properties Trust closed on Friday at $11.72.
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