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Fly News Breaks for July 6, 2017
EQR
Jul 6, 2017 | 05:56 EDT
UBS analyst Nick Yulico downgraded Equity Residential to Neutral citing a more cautious stance on the Multifamily REIT sector. Valuations in the space are less attractive and U.S. apartment rent growth is unlikely to improve in the second half of 2017 based on slowing job growth and still heightened supply deliveries, Yulico tells investors in a research note. He has a $68 price target for the shares.
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