Brandywine Realty upgraded to Outperform from Market Perform at BMO Capital BMO Capital upgraded Brandywine Realty due to valuation, strengths in Philadelphia, and potential benefits from the recent merger announcement of Comcast and Time Warner in its home market. Price target is $16.50.
News For BDN From The Last 14 Days
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Brandywine Realty 19M share Spot Secondary priced at $15.60 The deal size was increased to 19M shares from 18M shares and priced between the $15.45-$15.70 range. BofA/Merrill and Citigroup acted as joint book running managers for the offering.