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Fly News Breaks for February 18, 2020
RESI
Feb 18, 2020 | 14:03 EDT
JMP Securities analyst Aaron Hecht downgraded Front Yard Residential to Market Perform from Outperform after the company announced an agreement to be acquired by Amherst Residential for $12.50 per share in cash. He believes this deal was "heavily marketed," making the odds of a higher bid coming in low.
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