UPDATE: JP Morgan Upgrades DDR Corp to Overweight on Delevereging, Occupancy Outlook

JP Morgan upgraded DDR Corp

from Neutral to Overweight and raises the price target from $17.00 to $17.50. JP Morgan said, "The company has covered a lot of ground with its deleveraging efforts, and we expect the pace of investment activity to remain robust over the near term. Additionally, with the Street's strip center focus being on small shop leasing, we think many may be missing to a degree the amount of occupancy pick-up potential that still exists for DDR." DDR Corp closed at $15.73 on Tuesday.