By: Benzinga
UPDATE: Morgan Stanley Downgrades Piedmont Office Realty Trust to Underweight on High Risk
In a report published Tuesday, Morgan Stanley analyst Vance H. Edelson downgraded the rating on Piedmont Office Realty Trust (NYSE: PDM ) from Equal-Weight to Underweight, but reiterated the $18.00 price target. In the report, Edelson noted, “An office REIT so diverse that there's little room for outperformance. Most of
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