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Fly News Breaks for April 12, 2016
PHH
Apr 12, 2016 | 08:35 EDT
As noted earlier, Sterne Agee CRT downgraded PHH Corp to Neutral from Buy. The firm says that Merrill Lynch's decision to cut its private label service business with PHH, along with news that Morgan Stanley is also considering doing so, adds risk to PHH. Target to $13 from $18.
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