UPDATE: Morgan Stanley Reiterates On Spirit Realty Capital On New SOTP
In a report published Wednesday, Morgan Stanley analyst Vikram Malhotra reiterated an Equal-Weight rating on Spirit Realty Capital (NYSE: SRC), and raised the price target from $11.00 to $12.00.
In the report, Morgan Stanley noted, “SRC's recent capital activity provides options to reduce its high Shopko concentration which has been a concern among investors. Our new SOTP drives our $12 PT, and we are now incrementally more positive on the stock but remain Equal-weight given better risk-reward elsewhere.”
Spirit Realty Capital closed on Tuesday at $11.31.
Latest Ratings for SRC
|Jul 2014||Morgan Stanley||Upgrades||Overweight|
|Jun 2014||Bank of America||Upgrades||Neutral||Buy|
|Apr 2014||Morgan Stanley||Downgrades||Overweight||Equal-weight|
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