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Fly News Breaks for May 8, 2015
CHH
May 8, 2015 | 09:00 EDT
As previously reported, BofA/Merrill upgraded Choice Hotels to Buy from Underperform and increased its price target to $65 from $55. The firm upgraded shares based on recent underperformance, lower end exposure that is outperforming, low leverage, and a less cyclical franchise fee-based business.
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