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Fly News Breaks for October 20, 2016
PPS, MAA
Oct 20, 2016 | 05:38 EDT
Jefferies analyst Omotayo Okusanya upgraded MAA (MAA) to Buy saying shares are oversold following the Post Properties (PPS) merger announcement. He believes the deal's "strong positive impact" on earnings in 2018 and beyond is not being appreciated by investors. The analyst raised MAA's price target to $113 from $109.
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