Veris Residential rises as BofA upgrades to 'buy'
12/11/2024 18:08
** Real estate investment firm Veris Residential's VRE.N
shares up ~1.4% at $18.35
** Bank of America upgrades VRE to "buy" from "neutral"
** Brokerage says market is underestimating VRE's internal
growth profile
** BofA raises PT to $23 from $20, a ~27% upside on stock's
last close
** Three of 6 brokerages rate the stock "buy" or higher, 2
"hold" and 1 "sell"; their median PT is $19 - LSEG data
** Including session's moves, stock up ~17% YTD
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))