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Fly News Breaks for October 16, 2019
CLDT
Oct 16, 2019 | 15:41 EDT
BMO Capital analyst Ari Klein initiated coverage of Chatham Lodging with a Market Perform rating and $17.00 price target. Chatham's concentration in large markets provides differentiation from peers and drives higher relative RevPAR, but its RevPAR growth has consistently underperformed peers, Klein tells investors. He also worries that low growth could pressure EBITDA margins and adds risk to the stock's multiple.
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