By: Benzinga
UPDATE: JP Morgan Cuts PT to $28 on Mack-Cali Realty on Lower 2013 Estimates
JP Morgan reiterated Mack-Cali Realty (NYSE: CLI ) at Neutral and reduced its price target from $30 to $28. JP Morgan said, "We are raising our 2012 FFO/share estimate by $0.03 to $2.65 and lowering our 2013 FFO/share estimate $0.07 to $2.53.
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