More good news for the office space market worldwide. As Regus goes, so does the rest of the executive suite market.
LONDON (MarketWatch) -- Regus (UK:RGU), the worlds largest prvoider of executive suite and flexible wokspace, was upgraded to outperform from neutral at Credit Suisse on Friday. "We had thought that occupancy in particular would have continued to decline throughout the first half of 2010 focusing investor attention on shorter-term earnings risk rather than longer-term value. But management now notes that pricing and occupancy has stabilized," the broker said. "With a trough in the first-half, we expect earnings and cashflow to more than quadruple between from 2010 estimates to 2013 estimates," the broker added. Shares rose 2.9%Executive Suites , Flexible Workspace