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Fly News Breaks for March 12, 2018
UMH
Mar 12, 2018 | 06:26 EDT
DA Davidson analyst James Lykins lowered his price target on UMH Properties to $16 after the company's Q4 results, citing the impact of recent preferred offering as well as a previously aggressive assumptions in his prior model. The analyst keeps the Buy rating on UMH Properties, noting the company's view of a "very bullish overall demand for manufactured housing, with affordable housing in short supply" along with the macro tailwinds of population and wage growth.
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