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Fly News Breaks for May 6, 2016
FRT
May 6, 2016 | 07:59 EDT
As noted earlier, RBC Capital downgraded Federal Realty to Underperform from Sector Perform. As reasons for the downgrade, the firm cited its belief that a number of the company's tenants will declare bankruptcy in the near-term ,and its belief that supply in the company's largest growth markets has exceeded expectations. Target to $130 from $136.
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