RBC Capital Upgrades STAG Industrial (STAG) to Top Pick

RBC Capital analyst Michael Carroll upgraded STAG Industrial (NYSE: STAG) from Outperform to Top Pick with a price target of $34.00 (from $33.00).

The analyst commented, "We are increasing our rating on STAG to Top Pick from Outperform, and raising our price target to $34/share from $33/share. We believe the company is well positioned to deliver healthy earnings growth driven by both improving organic and external trends. Additionally, we believe the name trades at an attractive valuation relative to the industrial and triple net REIT peer groups."

For an analyst ratings summary and ratings history on STAG Industrial click here. For more ratings news on STAG Industrial click here.

Shares of STAG Industrial closed at $30.35 yesterday.

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