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Canadian Tire’s proposed new REIT will acquire a majority of the company’s real estate, including 255 retail properties and one distribution centre.
Canadian Tire’s proposed new REIT will acquire a majority of the company’s real estate, including 255 retail properties and one distribution centre.
(Andy Clark/REUTERS)

Wednesday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

RBC Dominion Securities analyst Tal Woolley initiated coverage on CT Real Estate Investment Trust with a "sector perform" rating and $11.50 (Canadian) price target. The REIT was created by Canadian Tire to unlock the value of its real estate holdings; the retailer has an 83 per cent stake in the REIT.