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Fly News Breaks for June 21, 2016
KW
Jun 21, 2016 | 06:42 EDT
Deutsche Bank analyst Vin Chao believes the 18% pullback year-to-date in shares of Kennedy Wilson creates an opportunity. The selloff reflects a "wall of worry" regarding the U.K.'s European Union referendum and to a lesser degree concerns about the overall U.S. multifamily market, Chao tells investors in a research note. He views the current valuation as compelling and keeps a Buy rating on Kennedy Wilson with a $31 price target.
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