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Fly News Breaks for February 16, 2017
TCO
Feb 16, 2017 | 06:07 EDT
Morgan Stanley analyst Richard Hill downgraded Taubman Centers to Equal Weight and lowered its price target to $71 from $77. The analyst said his previous thesis that the market was not pricing in NOI contribution from the development pipeline has played out and shares now trade at a premium that is in-line with the historical average.
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