Credit Suisse upgrades Dexus to Neutral from Underperform

Tom McKay

Credit Suisse upgrades Dexus to Neutral from Underperform. Dexus has the highest risk profile amongst its REIT peers with more than a third of leases expiring before June 2015. Credit Suisse believe this high risk is accounted for in managements conservative estimates and that Dexus has the highest quality portfolio in Australia. If leasings outcomes are better than expected then we could see a re-rating of DXS. Target prices is $1.17.


Tom McKay

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

Expertise

Australia equities

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