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Fly News Breaks for August 1, 2017
OFC
Aug 1, 2017 | 07:24 EDT
As noted earlier, Stifel downgraded Corporate Office to Sell from Hold. Analyst John W. Guinee believes that the REIT will be hurt by "persistently weak leasing economics," the expirations of a large number of its leases with high rents, and efforts by defense and IT organization to keep rent costs low. He adds that the stock's valuation is "high relative to other low barrier office REITs." Target to $29 from $33.
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