As noted earlier, SunTrust upgraded Mack-Cali to Buy from Hold. Analyst Michael Lewis upgraded the stock based on what he sees as its "very compelling valuation" and "strong growth outlook." Lewis says that investors' expectations for the company's 2018 results have dropped significantly, while the REIT's FFO growth should "surge in 2019-2020, driven by development deliveries, re-leasing some of the near-term expirations, and an easing lease expiration schedule." Lewis predicts that the REIT's FFO growth will reach 13% in 2019 and 8% in 2020. Target remains $30.