Douglas Emmett upgraded to Market Perform from Underperform at BMO Capital

BMO Capital analyst John Kim upgraded Douglas Emmett (DEI) to Market Perform from Underperform with a $17 price target The shares are down 15% year-to-date, creating more upside than downside potential going forward, the analyst tells investors in a research note. The firm believes Douglas Emmett’s occupancy is at or near its bottom while the lease-up of Studio Plaza is progressing well.