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Armada Hoffler price target lowered to $8 from $10 at Scotiabank

Scotiabank lowered the firm’s price target on Armada Hoffler (AHH) to $8 from $10 and keeps a Sector Perform rating on the shares. The firm is updating its estimates to reflect recent leasing activity, the analyst tells investors. While the stock valuation is currently attractive, the firm believes “all eyes” are on execution and new management needs to demonstrate effective execution, the firm adds.

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