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Fly News Breaks for February 14, 2020
NMRK
Feb 14, 2020 | 07:34 EDT
Wedbush analyst Henry Coffey downgraded Newmark to Neutral from Outperform with a price target of $12.35, down from $13, following the company's Q4 results. In a research note to investors, Coffey says the company indicated on its earnings call that it expects to see flat to down leasing and other related revenue and that while it is expecting growth in management and services income, it is a hard area to expand.
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