** UBS has upgraded its rating for Charter Hall Retail Reit CQR.AX to 'Buy' from 'Neutral' to account for acquisition of Hotel Property Investments HPI.AX in forecasts
** Brokerage however, cuts Price Target for the Australian real estate investment trust to A$3.69 from A$3.79
** Price Target cut due to lowered inputs in brokerage's models to more closely align with peers
** CQR stock up 3% at A$3.48 as of last close
** 5 of 7 analysts rate the stock "buy", 2 "hold" ; their median PT is A$3.69 – according to data compiled by LSEG
** Stock fell 12.7% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))