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Fly News Breaks for November 5, 2015
Nov 5, 2015 | 05:59 EDT
Raymond James analyst Buck Horne downgraded American Residential Properties two notches to Market Perform from Strong Buy saying the company's "disappointing" Q3 results displayed a "material lack" of internal cost controls. Horne believes management will need a "significant" amount of time to restore investor confidence.
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