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Fly News Breaks for May 31, 2019
CTRE
May 31, 2019 | 06:59 EDT
Raymond James analyst Jonathan Hughes downgraded CareTrust REIT to Market Perform from Strong Buy. Though the company is "arguably in its strongest position" since its spinoff in 2014, valuation is near all-time highs and he sees the risk/reward as balanced at current levels with the stock near his prior $25 price target.
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