Summit Industrial Income REIT (CVE:SMU.UN) Upgraded to “Buy” at Canaccord Genuity

Summit Industrial Income REIT (CVE:SMU.UN) was upgraded by investment analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BayStreet.CA reports.

SMU.UN has been the topic of a number of other reports. CIBC increased their price target on shares of Summit Industrial Income REIT from C$13.00 to C$13.25 in a research report on Friday, August 9th. Royal Bank of Canada increased their price target on shares of Summit Industrial Income REIT from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, National Bank Financial set a C$13.00 price target on shares of Summit Industrial Income REIT and gave the company a “sector perform” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$12.18.

Summit Industrial Income REIT has a 52-week low of C$5.22 and a 52-week high of C$12.00.

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Analyst Recommendations for Summit Industrial Income REIT (CVE:SMU.UN)

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