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Fly News Breaks for August 12, 2015
AHT
Aug 12, 2015 | 08:30 EDT
BofA/Merrill downgraded Ashford Hospitality to Underperform from Buy and lowered its price target to $9.50 from $11.50. The firm believes the spinoffs of Ashford Inc and Ashford Prime has complicated the story combined with high leverage and complicated financials.
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