LTC Properties price target raised to $36 from $34 at Wells Fargo

Wells Fargo raised the firm’s price target on LTC Properties to $36 from $34 and keeps an Equal Weight rating on the shares. The firm offered updated thoughts on Healthcare REITs following Q2 earnings from the group, saying it is maintains a favorable view on Healthcare as a weaker jobs report and lower end consumer point to easing labor costs, which should drive better metrics. The firm is also encouraged the equity market is open for investment capital, the analyst tells investors in the sector note.