Morgan Stanley Dean Witter has downgraded Canary Wharf to outperform from strong buy.
It also cut the target price from 670p to 610p.
The decision was based on what is said was uncertain future demand from the investment banking community. The shares dropped 27p to 513p on the news.
The Daily Telegraph 02/05/01 page 32 (themarket)
The Independent 02/05/01 page 17 (Market Report)
The Times 02/05/01 page 24 (Stock Market)
