Market Overview

UPDATE: Stifel Upgrades CommonWealth REIT on Review of Expected Outcomes


In a report published Tuesday, Stifel analyst John Guinee upgraded the rating on CommonWealth REIT (NYSE: CWH) from Sell to Hold.

In the report, Stifel noted, “We are expanding our range of expected outcomes and upgrading CommonWealth to Hold, from Sell. Possible scenarios include 1) a clean Corvex/Related (C&R) victory, a top notch Board and C suite, and a liquidation strategy the Street endorses ($25.00/sh or a 7.8% Cap Rate), 2) a clean C&R victory and a less than stellar, grind-it-out management team ($22.00/sh or a 8.4% Cap Rate), 3) a CWH/RMR victory, but with negotiated changes such as an expanded Board and a new C suite ($20.00/sh or a 8.8% Cap Rate), and 4) a CWH/RMR victory with RMR as internal manager or business as usual ($18.00/sh or a 9.3% Cap Rate). Also possible, now would be a good time for all parties to negotiate a settlement (scenario 5). Perhaps splitting the company (portfolio) would be an elegant solution with C&R essentially controlling the less desirable assets. We would not be surprised to see this happen.”

CommonWealth REIT closed on Monday at $22.83.

Latest Ratings for CWH

Nov 2020Credit SuisseMaintainsNeutral
Sep 2020JP MorganUpgradesNeutralOverweight
Sep 2020Truist SecuritiesInitiates Coverage OnBuy

View More Analyst Ratings for CWH
View the Latest Analyst Ratings


Related Articles (CWH)

View Comments and Join the Discussion!

Posted-In: John Guinee StifelAnalyst Color Upgrades Analyst Ratings

Latest Ratings

AAPLLoop CapitalUpgrades
WFCRBC CapitalUpgrades31.0
WFCMorgan StanleyUpgrades40.0
USBMorgan StanleyUpgrades57.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at