The Globe and Mail reports in its Tuesday, Nov. 14, edition that Desjardins Securities analyst Lorne Kalmar has reaffirmed his "hold" recommendation for Dream Office REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kalmar gave his unit target a 50-cent trim to $10. Analysts on average target the units at $11.28. Mr. Kalmar says in a note: "While 3Q results were below expectations, leasing momentum appears to be relatively resilient though at the expense of higher TIs. Further, questions around WeWork (2.3 per cent of revenue) adds another layer of uncertainty to a story that is already lacking visibility. We find it difficult to get more constructive on the name until we have better clarity on a rebound in office fundamentals and believe Dream Office's units will remain range-bound until investor sentiment toward the sector improves." The Globe reported on Feb. 22 that Mr. Kalmar had reaffirmed his "hold" recommendation for Dream Office when its units could be had for $16.50. The Globe reported on Sept. 12 that Canaccord Genuity analyst Mark Rothschild said he was "cautious" on Dream Office, which he rated "hold." The units could then be had for $11.96.