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Fly News Breaks for August 7, 2015
BEE
Aug 7, 2015 | 07:55 EDT
Canaccord noted Strategic Hotels reported solid Q2 results including improved booking trends that should drive a reacceleration in RevPar growth in Q4. Until then, however, the firm believes the company's portfolio of assets and expectations that it will be a seller is what will drive the shares. Canaccord reiterated its Buy rating and $15 price target on Strategic Hotels shares.
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