BTIG Upgrades Duke Realty (DRE) to Buy

BTIG analyst Thomas Catherwood upgraded Duke Realty (NYSE: DRE) from Neutral to Buy with a price target of $30.00.

The analyst comments "We expect the Industrial sector to overcome its late 2018 underperformance as demand continues to outpace supply in 2019 and e-commerce growth maintains its steep trajectory. With its quality assets, substantial development pipeline, and expanding opportunities in coastal markets, we think Duke is primed to take advantage of the industrial sector’s growth."

For an analyst ratings summary and ratings history on Duke Realty click here. For more ratings news on Duke Realty click here.

Shares of Duke Realty closed at $25.62 yesterday.

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