Wells Fargo Upgrades CapLease (LSE) to Outperform; Current Price Is Attractive Entry Point In Our View

Wells Fargo upgraded CapLease (NYSE: LSE) from Market Perform to Outperform with a price target range of $5.00-$5.50.

Wells analyst says, "We believe the total return potential exceeds potential downside risks. YTD, LSE shares are down 22% on a total return basis compared to +2% for the Net Lease group and +15% for all REITs. Specifically, LSE shares are off 9.5% over the past week vs. +1.2% for the RMS. We believe most of the relative underperformance has been due to lingering concern over re-leasing several industrial properties with 2012 expirations and general risk aversion to smaller-cap, higher leveraged stocks like LSE in light of continued macro uncertainty."

For more ratings news on CapLease click here and for the rating history of CapLease click here.

Shares of CapLease closed at $4.36 yesterday.

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