MLV Reiterates Buy On Shares Of Cedar Realty Trust, Sees 19% Upside


MLV analyst Paul Morgan reiterated a Buy rating on Cedar Realty Trust Inc (NYSE:CDR) with a price target of $8.00, which represents a potential upside of 19% from where the stock is currently trading.

Morgan said, “The thesis underlying our recent BUY rating is playing out, in our view, as the company executes its portfolio upgrade program, with three new sales in Q3 bringing the YTD total to $110M.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Paul Morgan has a total average return of 12.5% and a 100.0% success rate. Morgan is ranked #1336 out of 3354 analysts.

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