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"