BUZZ-J.P. Morgan downgrades FrontView to 'neutral'

Reuters
06-17
BUZZ-J.P. Morgan downgrades FrontView to 'neutral'

** J.P. Morgan downgrades commercial REIT FrontView FVR.N to "neutral" from "overweight" rating, citing sudden changes in the management team

** On Monday, FVR announced that its co-CEO and CFO Randall Starr was terminated

** "Sudden changes in the management team less than one year since the company's IPO may make it difficult to execute its growth plan and be challenging to return to investor radars," says JPM

** Brokerage cuts PT to $12 from $14, which still represents about 4% upside to stock's last close

** Including session's moves, stock down ~36.4% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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