Morgan Stanley Maintains Hold on Charter Hall Long WALE REIT at A$4.62

In the measured world of real estate investment trusts, Charter Hall Long WALE REIT finds itself at a crossroads familiar to any recovering asset: the numbers have improved, but conviction has not yet followed. Morgan Stanley's Simon Chan and Macquarie's David Pobucky both issued hold ratings on the same day TipRanks upgraded the stock to buy, a split verdict that reflects the enduring tension between what a company has done and what the market believes it will do next. A swing from a A$252 million loss to a A$67 million profit is no small thing — yet in the language of analysts, even good new