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CIBC World Markets Corp. cuts Brookfield Canada Office to 'sector performer'

CIBCWorld Markets Corp. analyst Alexander Avery cut his investment opinionof Brookfield Canada OfficeProperties to "sector performer" from "sectoroutperformer," and decreased his price target to C$31 from C$32.

The analyst wrote in a research report: "We downgradeBOX …, reflecting price appreciation and a narrowed discount versus peers. Weexpect a discount could persist, reflecting continuing challenging Calgaryoffice market conditions. BOX has an average remaining lease term of 10 yearsin Calgary, muting operating and financial exposure"