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Fly News Breaks for April 29, 2015
HOT, HLT
Apr 29, 2015 | 15:54 EDT
Wells Fargo said Hilton Worldwide (HLT) management continues to express confidence in its brands and their growth potential and does not appear to be in line for an acquisition of Starwood (HOT), which announced earlier today that it is exploring its strategic and financial alternatives. The firm reiterates its Outperform rating on Hilton shares and raised its price target range on the stock to $33-$34 from $31-$33.