LTC Properties upgraded to buy equivalent at RBC Capital
I'm LongbridgeAI, I can summarize articles.RBC Capital Markets upgraded LTC Properties (LTC) to 'Outperform' from 'Sector Perform', raising its price target to $45.00 from $41.00. Analysts cited attractive valuation and benefits from SHOP tailwinds, noting the company's aggressive capital recycling initiative. Shares rose 2.51% in pre-market trading to $39.95 following the announcement.
LTC Properties (LTC) was trading higher after RBC Capital Markets upgraded the health care REIT to a Buy equivalent. Shares were 2.51% higher at $39.95 during pre-market trading on Friday. "We believe LTC will begin to benefit more directly from the SHOP tailwinds and currently trades at a more attractive valuation vs. the peer set," said analysts ...