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Land Securities downgraded to Underperform from Hold at Jefferies

Jefferies analyst Michael Prew downgraded Land Securities (LDSCY) to Underperform from Hold with a price target of 492 GBp, down from 556 GBp. The firm says the UK real estate cycle is flattening and the office sector “faltering into a wave of debt maturities,” the analyst tells investors in a research note.

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