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Fly News Breaks for August 11, 2015
SGM
Aug 11, 2015 | 07:32 EDT
As previously reported, BofA/Merrill downgraded Stonegate Mortgage to Neutral from Buy. The firm downgraded shares following disappointing Q2 results citing expectations for persistently low-returns and lowered its price target on shares to $7.50 from $12.50.
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