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Fly News Breaks for July 6, 2017
MAA
Jul 6, 2017 | 05:57 EDT
UBS analyst Nick Yulico downgraded MAA to Neutral citing a more cautious stance on the Multifamily REIT sector. Valuations in the space are less attractive and U.S. apartment rent growth is unlikely to improve in the second half of 2017 based on slowing job growth and still heightened supply deliveries, Yulico tells investors in a research note. He has a $107 price target for the shares.
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