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Fly News Breaks for February 26, 2018
CLI
Feb 26, 2018 | 07:33 EDT
SunTrust analyst Michael Lewis lowered his price target on Mack-Cali Realty to $21, saying the two quarters since his upgrade have been "painful". The analyst points to leasing, dispositions, and leverage challenges facing the company this year, but believes the reset of expectations for 2019 will position the stock favorably. Lewis keeps his Buy rating on Mack-Cali, noting its attractive 40% discount valuation relative to NAV.
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