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Fly News Breaks for January 6, 2020
DRE
Jan 6, 2020 | 06:33 EDT
BTIG analyst Thomas Catherwood downgraded Duke Realty (DRE) to Neutral from Buy citing the company's higher exposure to new supply in non-coastal markets. The analyst's top pick for 2020 in the Industrial Real Estate Investment Trust space is Terreno Realty (TRNO). Industrial fundamentals "remain excellent," says the analyst. Catherwood raised his price target for Buy-rated Terreno to $62 from $50 and for Buy-rated Prologis (PLD) to $100 from $82.
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