trending Market Intelligence /marketintelligence/en/news-insights/trending/Dy-RT2zkif-cVKWv9Ciy9g2 content esgSubNav
In This List

Mitsubishi UFJ Secs (USA) Inc. initiates coverage of Pennsylvania REIT at 'overweight'

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Mitsubishi UFJ Secs (USA) Inc. initiates coverage of Pennsylvania REIT at 'overweight'

Mitsubishi UFJ Securities (USA) Inc. analyst initiatedcoverage of Pennsylvania RealEstate Investment Trust with a rating of "overweight,"and a price target of $24.

The analyst wrote in a research report: "We believethat PEI's stock offers investors a solid value proposition, as the companytransitions from a mixed quality portfolio to a primarily Class A mall ownerwith what we view as superior growth and low-risk characteristics. As PEI acceleratesits sales and NOI growth and potentially demonstrates its attractive valuationwith a core asset trade at strong pricing, we believe that the stock willnarrow its substantial valuation gap with its Class A mall-REIT peers."