Wachovia Upgrades Liberty Property Trust (LRY) to Outperform
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Wachovia upgrades Liberty Property Trust (NYSE: LRY) to Outperform.
Wachovia analyst says, "In the context of our subsector rating upgrade on Industrial REITs to Market Weight, we're increasing LRY two notches to Outperform. While we recognize that LRY's core fundamentals are likely to be under pressure throughout 2009 and much of 2010, plus potential earnings dilution from planned asset sales will drive negative earnings growth through 2010, we believe the current valuation and strong balance sheet more than offset the downside risks."
To see more analyst ratings on LRY Click Here.
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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