Spirit Realty upgraded to Buy at BAML


A reasonable valuation combined with second-half asset sales serve as catalysts for an upgrade to Buy for Spirit Realty (SRC) at BAML, which also lifts the price target to $12 from $11.50.

Public than private, and now public again, Spirit is ahead more than 20% since returning to being publicly traded about 11 months ago.

See also: Pair trade: BAML downgrades NNN while boosting Spirit Realty

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