Deutsche Bank Upgrades Ramco-Gershenson Properties Trust (RPT) to Buy

Deutsche Bank upgraded Ramco-Gershenson Properties Trust (NYSE: RPT) from Hold to Buy with a price target of $21.00.

Analyst Vin Chao said, "We are upgrading RPT to Buy from Hold as we think the current discount to NAV is overdone. We are downgrading QTS to Hold from Buy, which reflects more of a pause in a still attractive long-term story as valuations have gotten a bit rich. See pages 7 and 8 for details regarding our ratings changes."

For an analyst ratings summary and ratings history on Ramco-Gershenson Properties Trust click here. For more ratings news on Ramco-Gershenson Properties Trust click here.

Shares of Ramco-Gershenson Properties Trust closed at $16.16 yesterday.

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