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Fly News Breaks for August 22, 2019
CHH
Aug 22, 2019 | 08:34 EDT
As reported previously, Baird analyst Michael Bellisario initiated Choice Hotels with an Outperform. The analyst called it the most defensive hotel brand company within his coverage universe and said his positive view is supported by the current low interest rate environment and investor's increasing focus on high-quality, predictable earnings and cash flow. Bellisario has a $97 price target on Choice Hotels shares.
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