Cantor Fitzgerald Upgrades Home Properties (HME) to Hold

Cantor Fitzgerald upgraded Home Properties (NYSE: HME) from Sell to Hold with a price target of $62.00.

Analyst David Toti said, "HME to HOLD from SELL, price target maintained at $62.00. We believe recent stock underperformance has created a fair value entry point and view HME’s mid-Atlantic markets as modestly oversold at current levels. Our analysis suggests HME’s aggregate FTM portfolio cap rate has expanded by 4 bps since our last screen to 6.60%."

For an analyst ratings summary and ratings history on Home Properties click here. For more ratings news on Home Properties click here.

Shares of Home Properties closed at $58.72 yesterday.

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