Retail Opportunity downgraded to Market Perform at Raymond James

Raymond James downgraded Retail Opportunity (ROIC) to Market Perform from Outperform without a price target The firm cites valuation for the downgrade. While there have been reports of a potential takeout of Retail Opportunity, Raymond James is basing its rating on the company as a stand-alone, the analyst tells investors in a research note. The firm sees more attractive opportunities elsewhere in the shopping centers “without relying on M&A speculation.”