BWP upgraded

The fall in BWP Trust's share price means we’re upgrading this owner of 82 Bunnings Warehouses.

BWP Trust has fallen seven percent since BWP Trust: Result 2015 on 7 August 15 (Sell — $3.28) and is now comfortably below our Sell price. As such, in the absence of any information that would change our recommendation, we're upgrading to HOLD in line with our price guide. We'll provide another update once BWP releases its half-year result in February.


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