ACC - American Campus stock gains 1.3% after Evercore upgrades on Disney news

American Campus Communities (ACC) stock rises 1.3% after Evercore ISI analyst Steve Sakwa upgrades the REIT to Outperform from In Line as Disney's restarting its internship program provides positive news for ACC.That clears up one point of uncertainty to ACC's short-term growth, the analyst said in a note to clients.He sees ACC's standard student housing coming back to a mid-90% occupancy rate in Fall '22, though there's some risk that it could fall short of that level.With the Disney news, Sakwa now forecasts a "quicker ramp up to positive NOI by Q1 2022, which assumes ACC can reach the 40% breakeven figure by then."Lifts modified FFO per share estimate for 2021 to $1.90 from $1.86 and '22 estimate to $2.40 from $2.23.Sakwa's Outperform rating contrasts with the Bearish Quant rating and aligns more with the average Wall Street analyst rating of Bullish (4 Very Bullish, 1 Bullish, 4 Neutral, 1 Bearish).SA contributor Daniel

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American Campus stock gains 1.3% after Evercore upgrades on Disney news