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Fly News Breaks for February 1, 2016
AHP
Feb 1, 2016 | 06:23 EDT
Canaccord analyst Ryan Meliker downgraded Ashford Hospitality Prime (AHP) to Hold and lowered his price target to $12 from $20 on shares. Meliker is no longer confident the strategic review is a catalyst for shares and culminate in a sale of the company. The analyst does not believe the debt capital markets will offer enough leverage levels at attractive enough pricing to drive a sale of the company.
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