Information Provided By:
Fly News Breaks for March 25, 2015
FCH
Mar 25, 2015 | 07:04 EDT
SunTrust's industry checks indicate significant weakness in forward bookings due to FX impact on international tourism, lower oil prices, and increased supply. The firm said companies with the most exposure to New York City, Los Angeles, Hawaii, Miami, Seattle, and Houston have the most risk. Additionally, SunTrust said Q2-Q3 U.S. Upper Upscale RevPAR tracking is only tracking to the low-end of the +4-6% range. Due to exposure to the markets at risk and valuation, SunTrust downgraded Felcor to Neutral and maintained its $13 price target.
News For FCH From the Last 2 Days
There are no results for your query FCH