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Fly News Breaks for March 26, 2015
WYN, HOT
Mar 26, 2015 | 15:56 EDT
SunTrust says the FTC's move to grant early termination notice on the potential Senator Global Opportunity Offshore Fund, Starwood deal could be driving some takeover speculation in the name. The firm sees Wyndham (WYN) as the most likely acquirer, and estimates that Starwood (HOT) could be worth $103 in a takeout scenario. SunTrust questions whether the speculation is "all smoke and no fire," however, and keeps a Neutral rating on the stock with an $85 price target.
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