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Analysts peg Manulife US REIT's TP from 87 US cents to 91.8 US cents

Felicia Tan
Felicia Tan12/15/2021 5:6 PM GMT+08  • 4 min read
Analysts peg Manulife US REIT's TP from 87 US cents to 91.8 US cents
CGS-CIMB, RHB and UOB Kay Hian have kept their "buy" calls on the REIT.
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Following the acquisition of three office park assets in Phoenix and Portland in the US on Nov 30, analysts are positive on Manulife US REIT’s (MUST) prospects.

CGS-CIMB Research analysts Lock Mun Yee and Eing Kar Mei have kept “add” on MUST with an unchanged target price of 91.8 US cents ($1.26).

In their report on Nov 30, Lock and Eing see the acquisition as boosting the REIT’s exposure to growth sectors such as tech and healthcare as well as growth markets such as Atlanta, Phoenix and Portland.

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