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Fly News Breaks for August 3, 2016
EQR
Aug 3, 2016 | 05:42 EDT
Raymond James analyst Buck Horne downgraded Equity Residential to Underperform from Market Perform citing supply concerns following the company's Q2 results. The analyst sees downside risks to 2017 consensus estimates due to an "unusually concentrated level of new supply" entering the company's "urban core" submarkets through the end of next year.
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EQR
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