Keppel REIT upgraded to "buy", target raised to $1.32 by DBS Vickers

Stock Name: Keppel Reit
Company Name: KEPPEL REIT

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.32

SINGAPORE (April 14): DBS Vickers has upgraded Keppel REIT to "buy" from "hold" and raised its price target to $1.32 from $1.29.

"K-REIT's share price performance has lagged other large cap S-REIT peers in recent months, and we believe it is time to play catch-up as fears of a fallout in distribution per unit are behind us and have been priced in," DBS Vickers analysts Derek Tan and Rachael Tan wrote in a note today.