CTO Realty Growth upgraded to Strong Buy from Outperform at Raymond James
The Fly

CTO Realty Growth upgraded to Strong Buy from Outperform at Raymond James

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.

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