BUZZ - Jefferies initiates coverage of W.P. Carey with a "Buy" rating, stock price rises

September 22 - ** Real Estate Investment Trust (REIT) W.P. Carey (WPC.N) shares rose more than 1%, to $67

** Jefferies initiated coverage on the stock with a "Buy" rating; target price set at $73, representing a 10% upside from the last closing price

** The institution noted that after 5 years of restructuring, WPC has been transformed into a scaled, diversified, and net-lease-focused REIT

** The net lease segment valuation is expected to recover as a large investment reserve drives stronger growth

** Of 15 brokers, 7 rate the stock as "Buy" or higher, 7 as "Hold", and 1 as "Sell", with a median target price of $80—data compiled by LSEG

** Including intraday volatility, the stock has risen about 4% year to date

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