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Fly News Breaks for June 25, 2015
WPC
Jun 25, 2015 | 09:09 EDT
BofA/Merrill downgraded W.P. Carey to Underperform and reduced its price target to $64 from $71. The firm is cautious on W.P. Carey's European exposure and expects increasing competition to compress spreads and is cautious around the fund management business.
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