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City Office REIT price target lowered to $14 from $18 at B. Riley
The Fly

City Office REIT price target lowered to $14 from $18 at B. Riley

B. Riley analyst Craig Kucera lowered the firm’s price target on City Office REIT to $14 from $18 and keeps a Buy rating on the shares post the Q3 results. The analyst reduction his net asset value and earnings estimates to reflect continued pressure on office real estate investment trust sector valuations.

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