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Some smaller REITs are well-positioned to be taken over.
Some smaller REITs are well-positioned to be taken over.
(Alexei Popkov/Getty Images/iStockphoto)

Thursday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

M Partners analyst Brendon Abrams initiated coverage on Inovalis Real Estate Investment Trust with a "buy" rating and a price target that would imply a 21.2 per cent return for investors over the next 12 months.