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Fly News Breaks for January 8, 2020
BXMT
Jan 8, 2020 | 07:09 EDT
Credit Suisse analyst Douglas Harter downgraded Blackstone Mortgage to Neutral from Outperform with an unchanged price target of $37.50, telling investors that his rating change is "solely based on valuation." While he continues to expect stability in Blackstone Mortgage's ROEs and "best-in-class" credit quality, he sees more limited total return potential in the coming year given the stock's current price.
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