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Fly News Breaks for February 24, 2017
AHT, FCH
Feb 24, 2017 | 07:22 EDT
Janney Capital analyst Tyler Batory sees numerous challenges for the lodging REIT sector, but still believes Felcor Lodging (FCH) can outperform this year, citing its portfolio diversification, potential sale of NYC assets and the acquisition proposal that has been made by Ashford Hospitality (AHT). Batory, who has a Buy rating and $9 fair value estimate on Felcor, views Ashford as a motivated buyer, noting a transaction could create substantial long-term value, and sees it as a positive for Felcor shareholders if the company were to sell itself at a premium.
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