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Fly News Breaks for January 14, 2016
CHH
Jan 14, 2016 | 07:23 EDT
MKM Partners analyst Christopher Agnew downgraded Choice Hotels to Sell from Neutral and lowered his fair value target on shares to $40 from $55. Agnew believes Choice investments in upscale brands have taken it away from its core competency and expects lagging industry unit growth and declining ROIC to weigh on shares.
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