Barclays analyst Richard Hightower initiated coverage of VICI Properties (VICI) with an Overweight rating and $36 price target Despite concerns around external growth and a future Caesar’s (CZR) lease renewal, VICI deserves a positive valuation re-rating versus peers, the analyst tells investors in a research note. The firm says the quality, geography, and ultimate economic productivity of the company’s assets, in combination with its “superior” same-store growth and external growth pipeline, deserve a “significantly higher valuation premium relative to the majority of its net lease peers.”
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Read More on VICI:
- VICI Properties price target lowered to $30 from $33 at Mizuho
- VICI Properties price target lowered to $35 from $37 at Evercore ISI
- VICI Properties upgraded to Outperform from Neutral at Wedbush
- VICI Properties price target raised to $32 from $31 at Deutsche Bank
- VICI Properties downgraded to Sector Weight from Overweight at KeyBanc
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