Morgan Stanley Downgrades Duke Realty (DRE) to Equalweight

Morgan Stanley analyst Vikram Malhotra downgraded Duke Realty (NYSE: DRE) from Overweight to Equalweight with a price target of $31.50.

The analyst comments "Our EW stance reflects the ongoing benefit from e-commerce driven demand and its diverse portfolio (by product type) balanced by growing risk of rent growth deceleration in its
markets. Our supply analysis reveals DRE has the highest exposure to slowing / watch list sub markets and therefore we expect same-store NOI growth to decelerate into the ~3% range within the next 24 months."

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 $34.26 yesterday.

You May Also Be Interested In

• Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
• UBS Reiterates Buy Rating on HF Sinclair (DINO)
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy