Douglas Emmett price target lowered to $19 from $21 at Scotiabank

Scotiabank lowered the firm’s price target on Douglas Emmett (DEI) to $19 from $21 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Real Estate & REITs stocks under its coverage ahead of the Q2 earnings season, the analyst tells investors. The firm is adjusting its estimates to reflect modest tweaks to occupancy and interest expense assumptions.