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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.

Posted-In: Morgan Stanley Vikram MalhotraAnalyst Color Price Target Analyst Ratings

 

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