As previously reported, DA Davidson analyst Barry Oxford upgraded Lexington Realty to Buy from Neutral and also raised his price target to $10.50 from $9.50. The analyst cites the company's progress in shifting its portfolio mix from office and multi-tenant properties into industrial, saying that its recent joint venture deal is accelerating its business goal to become 85% industrial by the end of 2019. Oxford is also positive on the company's "solid" balance sheet and attractive valuation with expected 2019 FFO multiple of 11.5-times relative to the single tenant group average trading at 15.8-times.