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Fly News Breaks for July 28, 2016
ESRT
Jul 28, 2016 | 07:27 EDT
KeyBanc says that Empire State reported "mixed" Q2 results, but the firm is encouraged by the company's deal with JCDecaux and its 58% cash rent spreads on new Manhattan office leases, as well as the 4% increase in observatory revenue. The firm keeps a $22 price target and Overweight rating on the shares.
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