UPDATE: BofA/Merrill Lynch Double Upgrades VEREIT (VER) to Buy

June 11, 2019 6:12 AM EDT
Get Alerts VER Hot Sheet
Price: $48.89 -0.27%

Rating Summary:
    2 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 19
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(Updated - June 11, 2019 6:16 AM EDT)

(update to add analyst comment)

BofA/Merrill Lynch analyst Joshua Dennerlein upgraded VEREIT (NYSE: VER) from Underperform to Buy with a price target of $10.50 (from $8.00).

  • Sees name having biggest potential upside within net lease.
  • Sees light at the end of the tunnel regarding the company's class action lawsuit.

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

Shares of VEREIT closed at $9.03 yesterday.

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