J.P. Morgan Comments on 2Q Results from Duke Realty

J.P. Morgan has published a report on Duke Realty DRE after 2Q results. In the report, J.P. Morgan wrote, "DRE reported 2Q earnings a penny above us and Bloomberg consensus. Core stats for the quarter were largely in line, with improving occupancy, low capex, and improved leasing spreads. DRE slowed its investment activity this quarter with fewer acquisitions and dispositions, but this was expected. Service income was stronger than expected." J.P. Morgan rated Duke Realty a Neutral with a price target of $14.00. Duke Realty closed Wednesday at $14.01.