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Fly News Breaks for January 12, 2017
CHH
Jan 12, 2017 | 08:17 EDT
As previously reported, Morgan Stanley upgraded Choice Hotels to Overweight from Equal Weight and a $62 price target. Analyst Thomas Allen expects Choice Hotels to have the fastest EBITDA growth under coverage as it uniquely benefits from specific catalysts including unit growth re-acceleration, oil market improvement, and SkyTouch breakeven, its pure franchise model, and leisure exposure.