2332 GMT [Dow Jones] STOCK CALL: Property trust sector volatility causes JPMorgan to make nine ratings changes to trusts after divergence from their target prices or valuations. Commonwealth Property Office (CPA.AU) and ING Industrial (IIF.AU) raised to Neutral from Underweight, with IIF target price up 20% to 61 cents, while Tishman Speyer Office Fund (TSO.AU), Valad Property Group (VPG.AU) and Centro Retail (CER.AU) upgraded to Overweight from Neutral, with CER target price up 17% to 28 cents. Among downgrades, Dexus Property (DXS.AU) and Macquarie office (MOF.AU) cut to Neutral from Overweight, while Mirvac (MGR.AU) and Charter Hall (CHC.AU) lowered to Underweight from Neutral. (WEL)
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