Citigroup Initiates W.P. Carey At Neutral

Analysts at Citigroup initiated coverage on shares of W.P. Carey & Co. LLC

with a Neutral rating. The target price for W.P. Carey is set to $70. W.P. Carey shares have surged 10.74% over the past 52 weeks, while the S&P 500 index has gained 15.27% in the same period. W.P. Carey's shares rose 0.04% to close at $68.48 yesterday.