Market Overview

UPDATE: Stifel Nicolaus Upgrades MPG Office Trust to Hold on Tax Loss Carry Forward

Share:
Related MPG
Top 4 NYSE Stocks In The REIT-Office Industry With The Highest Revenue
Benzinga's Top Initiations

Stifel Nicolaus upgraded MPG Office Trust (NYSE: MPG) from Sell to Hold.

Stifel Nicolaus noted, "We are upgrading MPG Property Trust from Sell to Hold as we now believe California has permitted the use of Net Operating Loss Carry Forwards to offset taxable gains for the 2012 tax year. In 2010-2011 the offset was not permitted. … We have adjusted our liquidation model, but still assume some tax liability remains possible. The net adjustment adds roughly $1.00/sh to our estimate of liquidation value."

MPG Office Trust closed at $2.63 on Friday.

Latest Ratings for MPG

DateFirmActionFromTo
Jan 2015KeyBancInitiates Coverage onBuy
Jan 2015BarclaysInitiates Coverage onOverweight
Jan 2015BairdInitiates Coverage onOutperform

View More Analyst Ratings for MPG
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Analyst Ratings

 

Related Articles (MPG)

Around the Web, We're Loving...

Get Benzinga's Newsletters