- Continued development writedowns highlight the company's "poor capital allocation track record," says Citi's Michael Bilerman, downgrading Forest City Realty (NYSE:FCE.A) to Neutral from Buy. The price target is cut to $22 from $27. Last night's close was $20.79.
Forest City downgraded at Citi
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Symbol | Last Price | % Chg |
---|---|---|
FCE.A | - | - |
Forest City Realty Trust, Inc. Cl A |