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Fly News Breaks for October 21, 2019
RMR
Oct 21, 2019 | 07:53 EDT
Morgan Stanley analyst Ronald Kamdem initiated coverage of RMR Group with an Equal Weight rating and $46 price target. He views the stock's 25% valuation discount compared to alternative asset managers as "fair" given that fees have been under pressure, its fundraising outlook is "uncertain," and RMR lacks a performance track record investing and managing assets on behalf of private investors, Kamdem stated.
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