UPDATE: JP Morgan Upgrades American Campus Communities to Overweight on Core Growth, Pipeline Strength

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JP Morgan upgraded American Campus Communities Inc
ACC
from Neutral to Overweight and raised the price target from $51.00 to $53.00. JP Morgan commented, "We believe ACC has one of the best intermediate-term growth prospects in the REIT space due to its big development pipeline and continued positive core growth. In addition, the company continues to be aggressive in the acquisition market, and this also adds another leg of future growth potential as it integrates recent deals into its platform. The company also has a propensity to drive upside earnings revisions over time." American Campus Communities closed at $47.88 on Tuesday.
Posted In: UpgradesPre-Market OutlookAnalyst RatingsJP Morgan
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