Mack-Cali Realty (NYSE: CLI)

Fri. August 29, 2008; Posted: 07:10 AM

Aug 29, 2008 (Zacks Investment Research via COMTEX) -- CLI | Quote | Chart | News | PowerRating -- We are maintaining our Sell recommendation due to macroeconomic factors. Office occupancies in the company's core markets have increased at a rapid pace from last year. As such, CLI will have a difficult time holding occupancy and increasing rents. We think suburban office landlords will have a tough time over the next 12 months. National job growth numbers are negative and corporations are not expanding. Office landlords could see substantial cash flow declines as leases roll in 2008 and 2009.

The Bear of the Day is one of the latest Sell recommendations from Zacks Equity Research. Our team of analysts consistently identify stocks set to outperform the market (Bull of the Day) and underperform the market over the next six months. Discover More Bear of the Day stocks.

For full details on Mack Cali Realty Corp (CLI) click here. Mack Cali Realty Corp (CLI) has Short Term PowerRatings of 4. Details on Mack Cali Realty Corp (CLI) Short Term PowerRatings is available at This Link.

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