J.P. Morgan Maintains Neutral on Liberty Property Trust (LRY)

J.P. Morgan is out with its report today on Liberty Property Trust LRY, maintaining Neutral. In a note to clients, J.P. Morgan writes, "We rate LRY Neutral, because although LRY could see marginally better fundamentals than some of its suburban office REIT peers and it has an above-average balance sheet, we believe this is already reflected in its multiple." J.P. Morgan has a $30 PT on LRY. At the time of posting, shares of LRY were trading pre-market at $33.05, up 1.79% from Friday's close.