Jefferies downgraded British Land (BTLCY) to Underperform from Hold with a price target of 298 GBp, down from 364 GBp. The firm says the UK real estate cycle is flattening and the office sector “faltering into a wave of debt maturities,” the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTLCY: