Highwoods boosted, CommonWealth cut at Stifel

Stifel Nicolaus makes a couple of moves in office-realted REITs, upgrading Highwoods Proprties (HIW) to a Buy after a nice run for the stock this year, and downgrading CommonWealth REIT (CWH) to a Sell.

In typical buy the rumor, sell the fact action, CommonWealth had a nice run into the results of its consent solicitation, but has failed to make any headway since dissident shareholders claimed victory about six weeks ago. They now face the task of putting together a board and management to run the company. A special shareholder meeting to elect a board is set for May 23.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs