Cisco Systems, Inc. (NASDAQ: CSCO), Northern Oil & Gas, Inc. (NYSE: NOG), SYNNEX Co. (NYSE: SNX), Spreadtrum Communications (NASDAQ: SPRD), Eli Lilly & Co. (NYSE: LLY) and DCT Industrial Trust Inc. (NYSE: DCT) upgraded by analysts.
Northern Oil & Gas, Inc. (NOG) was upgraded by Global Hunter Securities from a “Neutral” rating to an “Accumulate” rating. They have a price target of $24.00 on the company.
SYNNEX Co. (SNX) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $32.00 on the company.
Spreadtrum Communications (SPRD) was upgraded by Needham & Company from a “Buy” rating to a “Strong Buy” rating.
Cisco Systems, Inc. (CSCO) was upgraded by Gleacher & Co. from a “Neutral” rating to a “Buy” rating. They have a price target of $20.00 on the company.
Eli Lilly & Co. (LLY) was upgraded by Argus from a "Hold” rating to a “Buy” rating.
DCT Industrial Trust Inc. (DCT) was upgraded by FBR Capital from an “Underperform” rating to an “Outperform” rating.
Showing posts with label DCT Industrial Trust. Show all posts
Showing posts with label DCT Industrial Trust. Show all posts
Thursday, August 11, 2011
Friday, January 14, 2011
DCT Industrial Trust's (NYSE:DCT) Inland MFG Exposure Causes Lagging Recovery
The heavy exposure of DCT Industrial Trust Inc. (NYSE:DCT) to inland manufacturing will cause their portfolio to be among the last to experience a recovery, says FBR Capital.
FBR says, "Our investment thesis on DCT Industrial focuses on our expectation that the company's substantial exposure to inland manufacturing markets will set the company's portfolio to be among the last to see a fundamental recovery. However, DCT Industrial has been an active acquirer in recent weeks, and it has also begun to show some signs of leasing strength. Nevertheless, we still do not believe DCT Industrial's markets are past their fundamentals' inflection point where rents begin their upward trajectory, enough to warrant a higher premium to NAV yet. The -4.2% potential return to our price target compares to our RMZ expectation of 8.2%, warranting an Underperform rating."
FBR Capital maintains their "Underperform" rating on DCT Industrial Trust, which closed Thursday at $5.43, down $0.05, or 0.91 percent. FBR has a price target of $5.25 on them.
FBR says, "Our investment thesis on DCT Industrial focuses on our expectation that the company's substantial exposure to inland manufacturing markets will set the company's portfolio to be among the last to see a fundamental recovery. However, DCT Industrial has been an active acquirer in recent weeks, and it has also begun to show some signs of leasing strength. Nevertheless, we still do not believe DCT Industrial's markets are past their fundamentals' inflection point where rents begin their upward trajectory, enough to warrant a higher premium to NAV yet. The -4.2% potential return to our price target compares to our RMZ expectation of 8.2%, warranting an Underperform rating."
FBR Capital maintains their "Underperform" rating on DCT Industrial Trust, which closed Thursday at $5.43, down $0.05, or 0.91 percent. FBR has a price target of $5.25 on them.
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