KeyBanc Upgrades MPG Office Trust to Hold

KeyBanc is out with its report today on MPG Office Trust MPG, upgrading MPG from Underweight to Hold. In a note to clients, KeyBanc writes, "Given the stabilization of cash flow, better than expected execution on the hotel sale, continued compression in cap rates and the potential for upside over time, we now see the risks as more favorably balanced. Accordingly, we are upgrading our rating on MPG from UNDERWEIGHT to HOLD." Shares of MPG closed Wednesday at $3.13, down 2.49% from Tuesday's close.