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Fly News Breaks for June 10, 2019
OFC
Jun 10, 2019 | 07:31 EDT
BTIG analyst Thomas Catherwood raised his price target on Corporate Office Properties to $33 and kept his Buy rating, citing the company's ramping development opportunities. The analyst cites the company's position "at the intersection of defense intelligence strategic priorities" and the demand for space by government agencies coming from the increases in the Department of Defense 2018 and 2019 budgets for cyber warfare, missile defense, satellite communications, and other advanced intelligence initiatives.
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