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Fly News Breaks for July 26, 2016
HF
Jul 26, 2016 | 08:45 EDT
After HFF reported lower than expected EPS, JMP Securities analyst Mitch Germain says he's not surprised by the resutls, given a tough comparison. The analyst expects the company to continue to benefit from high demand for real estate by investors who are facing "depressed bond yields." The analyst cut his price target on the shares to $33 from $38 but keeps an Outperform rating.
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