UPDATE: RBC Capital Downgrades Commonwealth REIT (CWH) to Underperform

March 19, 2014 2:26 PM EDT Send to a Friend
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Price: $26.86 --0%

Rating Summary:
    1 Buy, 1 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 27 | Down: 43 | New: 4
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(Updated - March 19, 2014 2:45 PM EDT)

RBC Capital downgraded Commonwealth REIT (NYSE: CWH) from Sector Perform to Underperform with a price target of $23 (unchanged). Analyst Rich Moore ties outperformance to activist pressure from Corvex. As activist pressure nears an ends, he sees shares moving back toward RBC's NAV estimates of $23.42.

For an analyst ratings summary and ratings history on Commonwealth REIT click here. For more ratings news on Commonwealth REIT click here.

Shares of Commonwealth REIT closed at $26.81 yesterday.


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