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UPDATE: Morgan Stanley Reiterates On Spirit Realty Capital On New SOTP

Morgan Stanley Revises Triple-Net REIT Ratings Prior To Q2 Earnings
Baird Drops NNN Price Target 10% - Here's The Scoop

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 2015Morgan StanleyDowngradesOverweightEqual-weight
Jun 2015Cowen & CompanyInitiates Coverage onMarket Perform
Mar 2015BairdInitiates Coverage onNeutral

View More Analyst Ratings for SRC
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Posted-In: Morgan Stanley Vikram MalhotraAnalyst Color Price Target Analyst Ratings


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