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Fly News Breaks for January 30, 2018
MAA
Jan 30, 2018 | 08:26 EDT
As previously reported, DA Davidson analyst James Lykins lowered his price target on Mid-America Apartment Communities to $110 from $115, citing overly aggressive acquisition assumptions. The analyst says that the acquisition of The Post Properties provides a significant long-term FFO opportunity, since thus far the margin improvement has been mainly expense driven. Lykins keeps his Buy rating on Mid-America Apartment shares. This version corrects an earlier one to clarify the prior price target.
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