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FSV - FirstService stock dips as Raymond James downgrades to Market Perform after rally
FirstService Corporation
FirstService (FSV) stock slides 2.4% after Raymond James analyst Frederic Bastien downgrades the stock to Market Perform from Outperform, as he sees the shares fairly valued after they rose 113% from a year ago."We feel that FirstService's envious leadership position in North America's big and fragmented market for residential property services is getting appropriate recognition from the Street," Bastien writes in a note to clients.