Franklin Street rises after Baird upgrades to outperform
Seeking Alpha
Published Jun 29, 2018 01:13PM ET
Franklin Street rises after Baird upgrades to outperform
- Franklin Street Properties (FSP +2.7%) rises after Baird analyst David Rogers raised his rating to outperform from neutral.
- More value can be unlocked from its portfolio "through a combination of improved leasing and/or liquidation," he wrote in a note, according to Bloomberg.
- His asset analysis suggests about a 15% upside for investors from a going-concern perspective and up to 28% from liquidation.
- FSP touched an intraday high of $8.67 today, up 4.9% from yesterday's close, but still down 19% year-to-date.
- Previously: Franklin Street Properties beats by $0.01, beats on revenue (May 1)
- Now read: Headwinds Could Be Coming For This Lone Star REIT
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