TSX:NWH.DB.G - Post by User
Post by
incomedreamer11on Oct 10, 2024 9:12am
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Post# 36260636
bmo up target price
bmo up target price * BMO’s Michael Markidis bumped his NorthWest Healthcare Properties REIT (NWH.UN-T) target to $5.50 from $5.25, remaining below the $5.88 average, with a “market perform” rating.
“[CEO] Craig Mitchell has been a stabilizing presence during a difficult period for NWH investors, in our view,” he said. “While we were surprised by the timing of his decision to retire, we take comfort in the nine-month period that has been provided to the Board to effect this CEO transition. Reflecting more recent improvements that have been made to the REIT’s capital structure, we are bumping our target price to $5.50.”