RBC Capital Maintains Outperform Rating for Realty Income: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Realty Income (NYSE:O) and increased its price target from $58.00 to $60.00. Realty Income's stock is currently down 0.36% at $58.90, and the new price target suggests a potential upside of 1.87%. Realty Income owns over 13,100 properties across various sectors, with recent expansions into industrial and other non-retail properties.
January 11, 2024 | 5:00 pm
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RBC Capital maintains Outperform rating on Realty Income and raises price target to $60, indicating a potential upside of 1.87% from the current price.
The maintained Outperform rating and increased price target by RBC Capital are positive signals for investors, suggesting analyst confidence in Realty Income's growth potential. This could lead to increased investor interest and a potential short-term rise in the stock price.
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