RBC Capital raised the firm’s price target on Medical Properties Trust (MPW) to $5 from $4 and keeps a Sector Perform rating on the shares. The company is making progress in stabilizing its troubled tenants and satisfying the upcoming capital commitments, though there is still a wide range of potential outcomes highlighted by the new tenants’ ability to turn around the former Steward hospitals and the management’s ability to monetize non-revenue generating assets, the analyst tells investors in a research note.
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