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Fly News Breaks for September 16, 2016
FPO
Sep 16, 2016 | 07:21 EDT
As noted earlier, SunTrust upgraded First Potomac to Buy from Neutral. After meeting with the company's management, SunTrust analyst Michael Lewis thinks that the 13% decline in the stock since Labor Day has created an attractive entry point. He thinks the company will end up conducting an equity raise at a much higher valuation or selling off assets to multiple buyers for a higher value. He expects the stock to rise under either scenario. Target remains $11.
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