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Apollo Commercial Real Estate Finance (NYSE:ARI) Downgraded by Zacks Research to "Strong Sell"
Zacks Research has downgraded Apollo Commercial Real Estate Finance (NYSE:ARI) to a “strong sell” from a “hold” rating. Despite the downgrade, other analysts have a mixed view with an average “Hold” rating and a target price of $11.00. The company recently met EPS estimates and exceeded revenue estimates, but its CEO sold a significant number of shares, reducing his ownership.