Student housing pair trade from BofA

Alongside a downgrade to Underperform for Campus Crest Communities (CCG -1.4%), Bank of America upgrades Education Realty Trust (EDR +0.4%) to a Buy from Neutral.

The team at BofA is following the momentum - as CCG has dipped about 8% this year, EDR is ahead nearly 16%.

Previously: Campus Crest hit with Underperform rating from BAML

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