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Office Properties price target lowered to $11 from $14 at Morgan Stanley

Trading Now: Office Properties price target lowered to $11 from $14 at Morgan Stanley

Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on Office Properties to $11 from $14 and keeps an Underweight rating on the shares. Office real estate investment trusts face headwinds from interest expense, higher operating expenditures and tenant move outs in 2023, which he expects to be “a year of transition,” Kamdem tells investors in sector note.

Published first on TheFly

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Read More on OPI:

  • Office Properties price target lowered to $29 from $35 at B. Riley
  • Office Properties reports Q3 normalized FFO $1.11, consensus $1.14



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