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Brokers' take
Published Fri, Jan 6, 2017 · 09:50 PM
Manulife US Reit > Buy
RHB, Jan 6
Target price: US$0.96
Jan 6 close: US$0.84
WE expect US office demand to strengthen further in 2017 from pro-business policies of President-elect Donald Trump. While a faster-than-expected US Federal Reserve rate hike generally has a negative impact on yield instruments such as real estate investment trusts (Reits), we believe the impact on Manulife US Reit is mitigated. …
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