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Fly News Breaks for September 19, 2018
ROIC
Sep 19, 2018 | 06:55 EDT
As reported earlier, BMO Capital analyst R. Jeremy Metz initiated Retail Opportunity with a Market Perform rating and a price target of $20, saying he is positive on the company's focus on "dense, affluent West Coast markets and grocery anchored centers" as well as its "successful track record of growth". The analyst urges some caution however given the industry headwinds and elevated leverage of Retail Opportunity, adding that its valuation suggests a "fairly balanced" risk-reward.
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