Monday, April 30, 2007

JPMorgan Analysts Downgrade European Property Stocks on Interest Rates

(Bloomberg) -- Shares of European property companies were downgraded by JPMorgan Chase & Co. on concern higher interest rates will hurt the industry.

The brokerage lowered its recommendation for property companies to ``underweight'' from ``neutral,'' according to a research note dated today.


Read more at Bloomberg Stocks News

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