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Broker's take: Citi downgrades Mapletree Commercial Trust to 'neutral'
CITI Research has downgraded Mapletree Commercial Trust, which owns Vivocity mall along with some office properties, to "neutral", though it raised its target price from S$1.43 to S$1.63.
It cited flattening tenant sales and concerns with the office market, in an April 23 report.
Mapletree Commercial Trust fell 1.5 cents to S$1.59 at 9.19am on Friday morning.