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Fly News Breaks for January 8, 2020
LXP
Jan 8, 2020 | 05:03 EDT
Stifel analyst John Guinee downgraded Lexington Realty Trust to Hold from Buy with a price target of $10.50, down from $11.50. With the "struggling" commodity office investment sales market, office sale execution will be challenging, Guinee tells investors in a research note. Further, the analyst says Lexington's industrial portfolio is currently trading at a premium to his estimates.
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