Deutsche Bank Reiterates Its Buying Rating On Grubb & Ellis (GBE)
More News related to GBE
- Grubb & Ellis Issues Open Letter Reminding Stockholders to Vote By Internet or Telephone at This Wednesday's Annual Meeting
- Grubb & Ellis Directors Receive Support From Another Leading Proxy Advisory Firm
- Grubb & Ellis Mails Letter to Stockholders
- Grubb & Ellis Files Investor Presentation
- Grubb & Ellis Company Forms Financial Services Asset Management Practice to Help Clients Create Value in Current Environment
More News related to Analyst Comments
- Sources Say 'Highly Unlikely' That Miller Buys Yahoo! (YHOO) -CNBC
- Former AOL CEO John Miller In Talks With PE Shops To Buy Yahoo (YHOO)
- Reports Total Is Preparing A Bid For NEXEN (NXY)
- Bucyrus (BUCY) Completes Acquisition of Bastro a.s.
- LHC Group (LHCG) Completes Acquisitions of Whispering Pines Health Services and HomeCall; Guides FY09 Sales, EPS
Today, Deutsche Bank published a report reiterating its Buy rating on Grubb & Ellis (NYSE: GBE), despite Grubb & Ellis cutting its numbers.
Along with Grubb & Ellis lowering its numbers Deutsche lowered its estimates based on slow leasing activities and other trends in the commercial space. However, Deutsche believes GBE still offers compelling value and the stock could get a boost as Grubb & Ellis $25 million buyback starts coming into play. Grubb & Ellis has sold over more than 50% in the past 3 months.
Deutsche did cut the price target on Grubb & Ellis from $12 to $10.
Related Categories
Analyst CommentsStocks Mentioned
+0.21Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
