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Fly News Breaks for October 3, 2016
RPAI
Oct 3, 2016 | 07:46 EDT
Boenning & Scattergood upgraded Retail Properties of America to Outperform from Neutral with a $18.50 price target saying it continues to trade at the largest discount to NAV in the strip sector despite strong year-to-date performance. Analyst Floris van Dijkum views the portfolio transformation positively as the company continues to execute its accelerated repositioning program by eliminating the CMBS debt that encumbers 48 assets, 37 of which the company wishes to exit.
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