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Fly News Breaks for January 12, 2016
DDR
Jan 12, 2016 | 06:09 EDT
Jefferies analyst Omotayo Okusanya downgraded DDR Corp. to Hold citing leverage concerns and the company's "disappointing" 2016 guidance. The analyst says his firm is less constructive on REITs in 2016 given expectations for slowing earnings growth. He cut his price target for DDR shares to $15 from $20.
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