Vital Infrastructure Property Trust Initiated with Hold Rating, C$6 Price Target at TD
TD Securities initiated coverage of Vital Infrastructure Property Trust (VITL-U.TO) with a Hold rating and C$6 price target.Analyst Jonathan Kelcher said Vital is a "compelling healthcare infrastructure REIT in transition.""As capital is redeployed into North America, Vital is positioned to benefit from growing healthcare demand," Kelcher said in a note to clients. "However, with the units trading above the historical average discount vs peers and execution risk and potential earnings volatility on capital recycling, we view the current valuation as fair."(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)
