BUZZ-Brandywine Realty Trust down after J.P. Morgan downgrades to 'underweight'**Shares of Brandywine Realty Trust BDN.N down about 4% at $3.33 in morning trading
** J.P. Morgan downgrades to "underweight" from "neutral" rating
** Brokerage says co to face large move-out of IBM in Austin in the coming years
** Company's balance sheet is stretched and larger development projects have been challenged on the leasing side - JPM
** Brokerage says it doesn’t have conviction around when the catalysts will emerge to turn some of the challenges around
** Two out of six brokerages rate the stock sell or higher, three hold; median PT is $5 - data compiled by LSEG
** As of last close, stock down 40% YTD
(Reporting by Koyena Das)
((Koyena.das@thomsonreuters.com))
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