EightCapital analyst Frederic Blondeau raised his investment opinion ofDream Industrial REITto "buy" from "neutral," and increased his price target toC$9.50 from C$9.

The analyst wrote in a research report: "We view the USacquisition and overall strategy positively. Consequently we increase ourtarget price to $9.50/unit and upgrade DIR to a BUY rating. We believe DIR'svaluation is relatively attractive, notably compared to major Canadian IndustrialListed REITs, we see limited downside to DIR's operations, and cashflowprovides for a stable yield."