DRE Price Target Lowered By BofA
Thu, 16 Apr 2009 13:44:00 -0700
The Stardust just made a margin call to Zero Hedge. We are happy to pay up when our cynicism is proven wrong. Minutes ago Steve Sakwa did come out with an updated report on Duke Realty as expected, however he kept the company at Neutral, and in fact lowered his price target from $10 to $9/share based on, gasp, dilution. Although with the stock closing at $9.37, shouldn't that be a sell? But we are nitpicking. Hurrah for an "Improved Balance Sheet" response that does not merit a Schmidtian Sel
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