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H&R REIT Price Target Lowered to C$11 at TD

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TD Securities lowered its price target on H&R REIT (HR-UN.TO) to C$11 from C$11.50 on Tuesday.

Analyst Sam Damiani maintained a buy rating on shares of the Canadian real estate company.

"We are updating our assessment of H&R's proposed merger/go-private transaction with GO REIT (GO-U.TO), to reflect new negative factors tied to a decline in GO's consensus estimates and disclosures within recently-filed Arrangement contracts," Damiani said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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