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Fly News Breaks for September 26, 2019
AFIN
Sep 26, 2019 | 07:51 EDT
DA Davidson analyst Barry Oxford initiated American Finance Trust with a Neutral rating and a price target of $15. The analyst is positive on the company's "secure, visible, and predictable source of cash flow" with 82% of its leases growing its rental streams by 1%-2% range per year, but warns about the "inherent conflicts" of being "outside advised" by AR Global and its relatively high leverage.
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