Choice Properties REIT upgraded to Buy from Hold at Desjardins

Desjardins analyst Lorne Kalmar upgraded Choice Properties REIT to Buy from Hold with a price target of C$16, up from C$15.50, as the analyst assumed coverage of the stock. The analyst contends that brick-and-mortar retail "passed the ultimate test and cemented itself as an integral component of the future of retail" in surviving the pandemic, adding that the Canadian retail sector is "entering 2023 in the best position it has been in for years."