Citigroup has upgraded the target price on Calan Healthcare Properties Trust from 98c a unit to $1.25, in line with the takeover offer from ING Property Trust.
Analyst Blair Cooper said he regarded the stock as "low-risk" after ING's offer and said the takeover deal looked fair based on present forecasts.
The chances of ING not going ahead with the full takeover were minimal.
Calan target price raised
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