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Fly News Breaks for February 28, 2017
PKY
Feb 28, 2017 | 08:29 EDT
JMP Securities analyst Mitch Germain says that the weakness in Parkway's stock in the wake of its Q4 results has created "a compelling entry point." The analyst notes that Parkway took over two new assets in October, and he says that Q4 "was a stub quarter" as a result. He says that the company's guidance miss could reflect "a number of GAAP earnings adjustments that are immaterial to cash NOI." Germain adds that Parkway remains "compelling," and he believes that the stock has reached "a compelling entry point."
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