TSX:CAR.UN - Post by User
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retiredcfon Aug 18, 2021 12:52pm
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Post# 33723962
BMO Upgrade
BMO Upgrade BMO’s Jenny Ma increased her target for Canadian Apartment Properties Real Estate Investment Trust to $68.50 from $62, exceeding the $65.17 average, with an “outperform” rating.
“ Our outlook on CAPREIT remains mostly unchanged post Q2/21,” said Ms. Ma. “We continue to believe CAR.UN’smid-tier portfolio in Canada’s major suburban markets will attract a healthy proportion of new immigrants, which we expect will pick up significantly in H2/21.
“ Furthermore, we believe CAPREIT’s diversified scale and platform will continue to support the REIT through the recovery, particularly if it gets extended with the Delta variant.”