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Fly News Breaks for March 20, 2015
CCG
Mar 20, 2015 | 06:56 EDT
As previously reported, RBC Capital downgraded Campus Crest to Underperform from Sector Perform. The firm believes a sale or merger is unlikely given a restrictive capital/jv structure, recent executive departures, high leverage, and a potential proxy context. RBC Capital views valuation as unsustainable and lowered its price target to $6.50 from $7.50.
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