As Merrill, Goldman Still Negative on REITs, Stifel Turns Bullish (AMB, DRE, LSE, more..)
Just days after Merrill Lynch and Goldman Sachs issued negative analyst reports on the REIT space, analysts at Stifel Nicolaus are taking a contrarian standpoint on the sector, upgrading numerous REIT stocks.
Today's move by Stifel follows concerning economic data issued yesterday that proves housing is still an utter mess.
The firm upgraded the following REIT's from Hold to Buy this morning:
- AMB Property (NYSE: AMB)
- Duke Realty (NYSE: DRE)
- Liberty Property Trust (NYSE: LRY)
- Highwoods Properties (NYSE: HIW)
- CapLease (NYSE: LSE)
- ProLogis (NYSE: PLD)
- Boston Properties (NYSE: BXP)
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