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Fly News Breaks for July 19, 2016
GOV
Jul 19, 2016 | 05:56 EDT
Jefferies analyst Jonathan Petersen downgraded Government Properties to Underperform with the shares up 92% since the mid-January lows. The average age of Government Properties' buildings, at 30 years, exposes the company to higher renewal risk, and the safety of the dividend is uncertain, Petersen tells investors in a research note. He keeps a $17 price target for the shares.
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