{ "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "1259159433", "close" : "1259182833", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000"}
zacks

Mack-Cali Realty (CLI)

  • By Zacks Equity Research
  • On 1:00 am EDT, Thursday October 29, 2009

Mack-Cali (NYSE: CLI - News) is a vertically integrated office REIT with assets in some very competitive markets which are getting worse in conjunction with the overall U.S. economy.

Mack-Cali will have a difficult time holding occupancy and increasing rents due to the continued volatility in the office sector with increasing job cuts and decline in market fundamentals. In addition, we see no near-term growth catalyst for the company.

Our recommendation for Mack-Cali is Underperform as we anticipate it to perform well below the broader market. However, if Mack-Cali can weather the current storm, the share price may rise.

MACK CALI CORP (CLI): Free Stock Analysis Report

Zacks Investment Research

ADVERTISEMENT

 Zacks Investment Research

Zacks Investment Research

FREE: 4 Stock Picks Every Day
This system triples the S&P 500.
Get Picks Now >>

 

 

Related Headlines

Related Blog Headlines

Top Stories

Related Message Boards

Sponsored Links

© 2009 Zacks.com. All rights reserved.