BofA analyst Jeffrey Spector raised the firm’s price target on Ventas (VTR) to $79 from $66 and keeps a Buy rating on the shares. A key catalyst the firm is watching is the Brookdale renewal option, which will occur on November 30, the analyst tells investors. While all scenarios are positive for the company’s earnings, the best outcome would be the company getting the properties back and putting them into a RIDEA structure, the firm says.
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Read More on VTR:
- Strong Q3 Results Highlight Ventas’s Senior Housing Growth
- Ventas reports Q3 normalized FFO 80c, consensus 80c
- Ventas narrows FY24 normalized FFO view to $3.14-$3.18 from $3.12-$3.18
- Ventas Inc (VTR) Q3 Earnings Cheat Sheet
- Ventas price target raised to $65 from $59 at Scotiabank
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