RMR Group price target lowered to $32 from $35 at B. Riley

B. Riley analyst Bryan Maher lowered the firm’s price target on RMR Group to $32 from $35 and keeps a Buy rating on the shares. RMR’s Q2 AEBITDA was above the firm’s consensus, while adjusted EPS was in line, the analyst tells investors in a research note. Estimates are being impacted by lower Managed REIT’s base and construction management fees, the firm notes.