Analyst upgrades sweep REITs, boost share prices

06/24/2009 | Wall Street Journal, The

Share prices for a number of real estate investment trusts got a lift, following analyst upgrades. Duke Realty and DCT Industrial Trust were both raised to "outperform" ratings by Paul Adornato, an analyst with BMO Capital Markets, who said both REITs were making progress in strengthening their balance sheets.

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