UPDATE: Morgan Stanley Downgrades Douglas Emmett to Underweight on Company-Specific Headwinds

In a report published Tuesday, Morgan Stanley analyst Vance H. Edelson downgraded the rating on Douglas Emmett (NYSE: DEI ) from Overweight to Underweight, and lowered the price target from $25.00 to $23.00. In the report, Edelson noted, “Further strengthening in the Los Angeles and Honolulu office markets will come