Raymond James upgraded CTO Realty Growth (CTO) to Strong Buy from Outperform with a price target of $24, up from $22. The company reported “another beat and raise quarter” and more importantly, an active Q3 of higher than expected accretive external growth and a meaningful increase to the company’s market cap, which will broaden the potential investor base and could lead to index inclusions, the analyst tells investors in a research note. The firm expects to see additional accretive external growth that should continue to push estimates higher.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTO:
- CTO Realty Growth price target raised to $23 from $22 at Alliance Global Partners
- CTO Realty Growth Reports Strong Q3 2024 Financials
- CTO Realty Growth narrows FY24 AFFO view to $1.96 to $2.00 from $1.95-$2.00
- CTO Realty Growth reports Q3 AFFO 51c, consensus 48c
- Seeking at Least 8% Dividend Yield? Raymond James Suggests 2 Dividend Stocks to Buy