Keefe Bruyette lowered the firm’s price target on Arbor Realty (ABR) to $11.75 from $12 and keeps a Market Perform rating on the shares. The firm is cautious on Arbor Realty given uncertainty around the reduced dividend, the analyst tells investors in a research note.
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- Arbor Realty downgraded to Market Perform from Outperform at Raymond James
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