UPDATE: RBC Capital Downgrades Commonwealth REIT (CWH) to Underperform
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Price: $4.20 -7.28%
Rating Summary:
12 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
12 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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(Updated - March 19, 2014 2:45 PM EDT)
RBC Capital downgraded Commonwealth REIT (NYSE: CWH) from Sector Perform to Underperform with a price target of $23 (unchanged). Analyst Rich Moore ties outperformance to activist pressure from Corvex. As activist pressure nears an ends, he sees shares moving back toward RBC's NAV estimates of $23.42.
For an analyst ratings summary and ratings history on Commonwealth REIT click here. For more ratings news on Commonwealth REIT click here.
Shares of Commonwealth REIT closed at $26.81 yesterday.
RBC Capital downgraded Commonwealth REIT (NYSE: CWH) from Sector Perform to Underperform with a price target of $23 (unchanged). Analyst Rich Moore ties outperformance to activist pressure from Corvex. As activist pressure nears an ends, he sees shares moving back toward RBC's NAV estimates of $23.42.
For an analyst ratings summary and ratings history on Commonwealth REIT click here. For more ratings news on Commonwealth REIT click here.
Shares of Commonwealth REIT closed at $26.81 yesterday.
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