UPDATE: Compass Point Initiates Coverage on Gramercy Property Trust, Expects Impressive Returns
October 11, 2013 at 09:44 AM EDT
In a report published Friday, Compass Point analyst Wilkes Graham initiated coverage on Gramercy Property Trust (NYSE: GPT ) with a Buy rating and $6.50 price target. In the report, Compass Point noted, “We are initiating coverage on shares of GPT with a Buy rating and a $6.50 price target.