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Fly News Breaks for January 7, 2020
CLI
Jan 7, 2020 | 05:05 EDT
Stifel analyst John Guinee downgraded Mack-Cali Realty to Hold from Buy with an unchanged price target of $24. After running forward models to reflect the company's announced and anticipated office portfolio sales, the analyst has increased concern about the stock's ability to exceed his price target. Additionally, he thinks there is a deteriorating commodity office investment sales market.
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