Canaccord upgraded Dream Office REIT (DRETF) to Buy from Hold with a price target of C$25.50, up from C$17. The Canadian office market has begun to show more substantial signs of a recovery and the firm is raising target prices and upgrading all three office REITs it covers in the space a result of the improvement in leasing and confidence that office transaction activity will continue to recover in Canada, the analyst tells investors.
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