Farmland Partners (FPI), American Farmland (AFCO) Enter Merger Agreement

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Deutsche Bank Downgrades American Farmland Company (AFCO) to Hold

September 13, 2016 6:37 AM EDT

Deutsche Bank downgraded American Farmland Company (NYSE: AFCO) from Buy to Hold with a price target of $8.00 (from $9.00). The change follows its merger agreement.

Analyst Vin Chao said, "As we believe the deal is likely to close, our TP is now... More