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Fly News Breaks for June 18, 2018
DEI
Jun 18, 2018 | 06:29 EDT
Mizuho analyst Richard Anderson upgraded Douglas Emmett to Buy and raised his price target for the shares to $44 from $39. The stock is down over 5% year-to-date, underperforming California-focused office real estate investment trusts, Anderson tells investors in a research note. The analyst views the valuation "disconnect" as overdone given Douglas Emmett's potential for both near- and longer-term growth.
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