UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on NorthStar Realty Finance Corp. on Multiple Catalysts Ahead

In a report published Wednesday, Deutsche Bank analyst Stephen Laws reiterated a Buy rating on

, and raised the price target from $17.25 to $17.50. In the report, Deutsche Bank noted, “In this note, we review catalysts that we believe could occur in the next 12-18 months, driving strong 2015 growth for NSAM and NRF. Additionally, we look at bull and bear valuation scenarios, in which we arrive at a valuation range of $23.35/sh to $12.83/sh, respectively. Due to slight adjustments to our model and valuation, we are increasing our target by 25c to $17.50/sh, which is based on our base case scenario. Maintain Buy.” NorthStar Realty Finance Corp. closed on Tuesday at $15.90.