Bank of America Initiates W.P. Carey At Neutral

Analysts at Bank of America initiated coverage on W.P. Carey & Co. LLC

with a Neutral rating. The target price for W.P. Carey is set to $65.50. W.P. Carey shares have surged 3.40% over the past 52 weeks, while the S&P 500 index has gained 13.21% in the same period. W.P. Carey's shares fell 0.99% to close at $64.95 yesterday.