KBW Upgrades FPO To Outperform

KBW has issued a report upgrading First Potomac Realty Trust FPO to an Outperform Rating. KBW writes, “We view the strategic re-positioning of the portfolio favorably and, though FPO has some challenges ahead in terms of leasing, we believe the shares are attractive at these levels given the improved quality of the portfolio and growth prospects.” FPO has an $18 Price Target and closed at $15.80 yesterday.