Scotiabank raised the firm’s price target on Gaming and Leisure Properties (GLPI) to $50 from $48 and keeps a Sector Perform rating on the shares. The company recently entered into a $395M sale leaseback and a ~1.2B development transaction with Bally’s (BALY), the analyst tells investors. While the firm views this as an accretive transaction for the company, Scotiabank has concerns regarding its counterparty.
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