Wells Fargo analyst Dori Kesten raised the firm’s price target on Retail Opportunity (ROIC) to $17.50 from $16 and keeps an Equal Weight rating on the shares. The firm notes Blackstone (BX) and Retail Opportunity entered into an agreement for the former to acquire all Retail’s shares for $17.50/share in an all-cash transaction valued at $4B, slated to close Q1 2025.
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Read More on ROIC:
- Retail Opportunity Investments to be Acquired by Blackstone
- Retail Opportunity Investments Acquired by Blackstone for $4B
- Retail Opportunity downgraded to Neutral from Outperform at Baird
- Retail Oppurtunity Investments trading resumes
- Blackstone acquires Retail Opportunity for $17.50 per share or $4B