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Fly News Breaks for May 4, 2017
FSP
May 4, 2017 | 07:40 EDT
As reported previously, Baird analyst David Rodgers downgraded Franklin Street to Neutral from Outperform following Q1 results. The analyst believes the "tightrope of leverage," an underfunded dividend, and desire to grow and reposition the portfolio is too much to overcome. Rodgers lowered his price target to $12 from $14 on Franklin Street shares.
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