While Li maintains her “buy” call on ESR-LOGOS REIT, she cut her target price to 51 cents from 55 cents in a Feb 10 note, before slashing it further to 45 cents in a Feb 17 note.
Maybank Securities analyst Li Jialin has slashed ESR-LOGOS REIT’s (SGX:J91U
) target price twice in a week to factor in an enlarged share base from two share offerings.
The REIT is trying to raise $300 million via a private placement and a preferential offering.
