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Fly News Breaks for July 6, 2015
ACRE
Jul 6, 2015 | 06:25 EDT
FBR Capital upgraded Ares Commercial Real Estate to Outperform after meeting with management and raised its price target for shares to $13 from $12.50. FBR believes fundamentals are improving at ACRE Capital and points out shares are trading at 80% of book value.
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