Canaccord Genuity upgraded Folkestone Education Trust to a “buy" from a “hold" and raised the target price to $2.43 from $2.13.
“FET has released a strong set of results that were in line with our distributable earnings estimates, but ahead of our reported NPAT [net profit after tax] expectations due to very strong property revaluation revenue.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
