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Fly News Breaks for June 27, 2018
FPH
Jun 27, 2018 | 16:49 EDT
RBC Capital analyst Michael Eisen lowered his price target on Five Point Holdings to $13 amid concerns over "ongoing U.S. Navy/EPA soil scandal that threatens the development and value of Hunters Point" in San Francisco and a "lack of evidence of land valuations from Newhall Ranch". The analyst keeps his Outperform rating, noting that the recent transaction of Treasure Island brings the possibility of a "go private scenario (which) should put a floor on downside risk."
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