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Fly News Breaks for August 3, 2018
MAA
Aug 3, 2018 | 07:34 EDT
As previously reported, Stifel analyst John Guinee downgraded Mid-America Apartment Communities to Hold from Buy, as he contends its operations are "average" and less robust than its peers while value creation at a fixed cap rate has been a struggle over the past year. Additionally, he thinks suburban and low barrier market supply has a greater chance of surfacing than urban markets, Guinee tells investors. He maintains a $100 price target on MAA shares.
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