Wells Fargo analyst Todd Stender upgraded Lexington Realty Trust to Outperform and raised his price target for the shares to $9 from $8.50. The analyst likes company's recent announcement to sell a meaningful single-tenant suburban office building portfolio into a joint venture with Davidson Kempner Capital Management. He views Lexington's strategic shift favorably though does acknowledge the earnings dilution and potential dividend cut that may result. Now the company can focus on building out a more competitive footprint within one of the most sought-after property types within the overall REIT group, Industrial/Distribution, which should lead to multiple expansion, Stender tells investors in a research note.