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

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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
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 Upgrades Analyst Ratings

 

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