Cantor Fitzgerald downgraded Parkway Properties (NYSE: PKY) from Hold to Sell and raised the price target from $14.00 to $15.00. Cantor Fitzgerald noted, "The stock has significantly outperformed year to date, returning 13% compared to 5% among office REITs and 4% for REITs overall (as well as 51% of outperformance over the prior 12 months).