UPDATE: Wells Fargo Downgrades Douglas Emmett to Market Perform

n a report issued Tuesday May 13th, analysts at Wells Fargo downgraded their rating on Douglas Emmett, Inc.

from Outperform to Market Perform. A team of analysts at Wells Fargo led by Brendan Maiorana, do not see near-term catalysts to drive outperformance. Maiorana anticipates a valuation range of $27.00-$30.00 for Douglas Emmett. Shares of Douglas Emmett are trading down about 0.8 percent to $27.91 at last check.