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Fly News Breaks for March 29, 2016
LXP
Mar 29, 2016 | 08:05 EDT
As previously reported, BofA/Merrill downgraded Lexington Realty to Underperform from Neutral and maintained its $8 price target. Analyst James Feldman downgraded shares citing valuation, below average growth, reduced market activity for dispositions, and potentially higher cap rates.
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