Merrill Lynch

Tyler Durden's picture

Some Totally Unexpected REIT Lack Of Love From Merrill Lynch

Hey Regency, this is what happens when you don't tap ML as lead underwriter: you get the expected headline "Improving Balance Sheet" but no accompanying Upgrade or target price increase (in a note just released by Merrill Lynch/Bank of America which was somehow not a lead underwriter on this particular offering).

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