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UPDATE: Morgan Stanley Downgrades Columbia Property Trust On Valuation

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In a report published Thursday, Morgan Stanley analyst Vance H. Edelson downgraded the rating on Columbia Property Trust (NYSE: CXP) from Overweight to Equal-Weight, and removed the $30.00 price target.

In the report, Morgan Stanley noted, “Following the stock's recent appreciation and apparent failure to be added to the MSCI REIT index, we are removing CXP from Morgan Stanley's Best Ideas List and downgrading to Equal-weight. Remaining catalysts are likely to have less impact with valuation now more in line with peers.”

Columbia Property Trust closed on Wednesday at $28.86.

Latest Ratings for CXP

DateFirmActionFromTo
Jun 2020Morgan StanleyMaintainsEqual-Weight
May 2020Morgan StanleyMaintainsEqual-Weight
Apr 2020Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for CXP
View the Latest Analyst Ratings

 

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Posted-In: Morgan Stanley Vance H. EdelsonAnalyst Color Downgrades Analyst Ratings

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