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Fly News Breaks for January 7, 2020
CTRE
Jan 7, 2020 | 06:14 EDT
BMO Capital analyst John Kim downgraded CareTrust REIT to Market Perform from Outperform with a $22 price target. After its "spring cleaning" of its tenant risks in Q3, the company's earnings growth has been reduced significantly, says the analyst, who estimates it at 3.0% in 2020, down from 9% previously.
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