B. Riley analyst Craig Kucera lowered the firm’s price target on City Office REIT to $14 from $18 and keeps a Buy rating on the shares post the Q3 results. The analyst reduction his net asset value and earnings estimates to reflect continued pressure on office real estate investment trust sector valuations.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CIO: