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Fly News Breaks for July 2, 2019
CHH
Jul 2, 2019 | 06:25 EDT
Barclays analyst Anthony Powell raised his price target for Choice Hotels to $81 from $78 after including share repurchases across his lodging C-Corp coverage universe. While Choice does not include buybacks in its guidance, the company has consistently repurchased shares over the past five quarters and has the cash flow and leverage capacity to continue to do so on a regular basis, Powell tells investors in a research note. The analyst, however, keeps an Underweight rating on the name.
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