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Fly News Breaks for July 22, 2016
EGP
Jul 22, 2016 | 07:06 EDT
As noted earlier, Stifel downgraded EastGroup to Hold from Buy. As reasons for the downgrade, the firm cited what it sees as the company's "weak leasing statistics" and its "historically high level of un-leased, speculative development", along with valuation.
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