TD Securities downgraded Dream Office REIT to Hold from Buy with a price target of C$21, up from C$18. The analyst cited valuation for the downgrade, but added that the recent 31% rebound was “justifiable.” TD concluded that further outperformance “remains possible,” but the firm is awaiting “further clarity on interest rates, leasing, and dispositions.”
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- Dream Office REIT price target lowered to C$10 from C$11.50 at TD Securities
