Compass Point Reiterates First Potomac Realty Buy, $18 PT

Compass Point Research & Trading reiterated its First Potomac Realty (NYSE: FPO) Buy rating and $18 price target in a research report published today.

In the report, Compass Point states, "Headline risk surrounding government cutbacks and defense spending cuts are certainly relevant to FPO, but the recent selloff has now made the stock attractive assuming no incremental leasing whatsoever."

Shares of First Potomac Realty were trading at $12.75 at the time of posting, up 0.16% from Tuesday's market close.