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Fly News Breaks for January 31, 2017
AHP
Jan 31, 2017 | 07:01 EDT
Janney analyst Tyler Batory upgraded Ashford Hospitality Prime to Buy and raised its price target to $17 from $14. The analyst views valuation as "cheap" given recent company actions including a 33% increase to the dividend, $12M of interest savings from refinancing several loans, and the negotiation of a lower termination fee to Ashford Inc.
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