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UPDATE: BTIG Research Raises PT on iStar Financial on Improved Risk Profile

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iStar Financial Announces Commitment to Provide $146 Million to Landmark Apartment Trust of America

BTIG Research analyst published a report on iStar Financial (NYSE: SFI) that reiterated its Buy rating and raised the price target from $11 to $13.

BTIG Research reported that, “We are reiterating our BUY recommendation on iStar Financial (SFI) while increasing our price target to $13 (from $11). Our new price target is based on 0.75x our estimate of the residual value per diluted share available to the equity based on an asset-value analysis.”

Shares of iStar Financial closed at $10.78 on Friday.

Posted-In: BTIG ResearchAnalyst Color Price Target Analyst Ratings

 

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