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Fly News Breaks for August 14, 2019
EQC
Aug 14, 2019 | 06:25 EDT
As previously reported, JMP Securities analyst Mitch Germain downgraded Equity Commonwealth to Market Perform on valuation, with shares trading above his prior $34 price target. The analyst also attributes the rating change to the company's "shift in posture" toward dispositions with no assets programmed for sale at this time. Germain adds that there is limited upside to the stock at current level, with current valuation above his net asset asset value estimate and property growth expected to be impacted by tenant contractions.
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