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Fly News Breaks for December 16, 2016
CNS
Dec 16, 2016 | 08:39 EDT
BofA/Merrill analyst Michael Carrier downgraded Cohen & Steers two notches to Underperform and lowered its price target to $33 from $42. The analyst expects a rotation out of REITs in a rising rate environment and for Cohen's organic growth rate to turn negative in 2017 and for shares to underperform the group.
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