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Arbor Realty price target raised to $14 from $13.25 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Arbor Realty to $14 from $13.25 and keeps a Market Perform rating on the shares as part of Q2 earnings preview. Amid an ongoing commercial real estate credit cycle, the firm maintains a cautious commercial real estate investment truest stance while selectively recommending several long positions into earnings.

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