UPDATE: Jefferies Increases PT to $22 on Corporate Office Properties Trust; Asset Sales

Jefferies raises its price target from $21 to $22 on Hold-rated Corporate Office Properties Trust

as the company continues asset sales to counter uncertain demand outlook. Jefferies says, "We are maintaining our Hold rating on OFC as we believe that U.S. government spending concerns will continue to be a headwind and that meaningful occupancy improvement for the company's markets may not occur until 2013. When this weak outlook is combined with planned asset sales, we expect FFO/sh growth for OFC over the next two years to be weak." OFC closed at $23.55 on Monday.