MLV Reiterates Buy On Stag Industrial, Sees 7% Upside For The Stock
MLV analyst Jonathan Petersen reiterated a Buy rating on Stag Industrial Inc (NYSE:STAG) with a price target of $26, which represents a potential upside of 7% from where the stock is currently trading.
Petersen observed, “Given that STAG reports leasing and acquisition activity every month, the company’s quarterly results have less of an impact on the stock. Since the miss was primarily due to acquisition timing, which should be corrected next quarter, we do not expect the stock to underperform”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jonathan Petersen has a total average return of 5.3% and a 75.0% success rate. Petersen has a 21.0% average return when recommending STAG, and is ranked #1317 out of 3354 analysts.