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Fly News Breaks for February 24, 2016
ARR
Feb 24, 2016 | 07:08 EDT
Nomura analyst Brock Vandervliet downgraded ARMOUR to Reduce and lowered his price target to $16 from $23 on shares. The analyst said ARMOUR has the worst economic returns across coverage in 2015 and expects trends to continue this year given its unsuccessful portfolio construction and high leverage.
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