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UPDATE: Stifel Nicolaus Downgrades MPG Office Trust to Sell on Tax Warning

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Stifel Nicolaus downgraded its rating on MPG Office Trust (NYSE: MPG) from Hold to Sell.

Stifel Nicolaus noted, "Management warned of a potential 10.84% combined tax rate (8.84% CA franchise or capital gains and a 2% federal tax) could apply to any assets MPG may sell or return to the lender should California not reinstate the ability for companies to use Net Operating Loss Carry Forwards to offset taxable gains. This applies to most, but not all, possible transaction structures. Hence, our downgrade to Sell."

MPG Office Trust closed at $2.93 on Tuesday.

Latest Ratings for MPG

DateFirmActionFromTo
Jun 2016RBC CapitalDowngradesOutperformSector Perform
Jun 2016Bank of AmericaDowngradesBuyNeutral
Jan 2016BairdDowngradesOutperformNeutral

View More Analyst Ratings for MPG
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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