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Fly News Breaks for March 29, 2016
AHP
Mar 29, 2016 | 07:19 EDT
As reported previously, Baird upgraded Ashford Hospitality Prime to Neutral from Underperform, as the firm believes any downside risks have been priced into the shares. However, they remained concerned about the company's corporate governance provisions and that a sale of the platform could be hindered by the high termination fee and pullback in the debt markets. Baird raised its price target to $11 from $10 on Ashford Hospitality Prime shares.
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