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Fly News Breaks for January 7, 2020
CIO
Jan 7, 2020 | 08:34 EDT
Raymond James analyst William Crow upgraded City Office REIT to Outperform from Market Perform with a $15 price target. In a research note to investors, Crow says he has become incrementally more intrigued by the shares based on an attractive relative valuation, a sizable discount to NAV, a more obvious and shorter path towards dividend coverage an improved balance sheet and a broader asset base that should quell much of the quarterly volatility that has frustrated the Street for the past few years.