trending Market Intelligence /marketintelligence/en/news-insights/trending/AFER-EAsGAWd-J-mdQvGgA2 content esgSubNav
In This List

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

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


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"