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Fly News Breaks for October 18, 2016
HPT
Oct 18, 2016 | 07:03 EDT
Janney Capital initiated Hospitality Properties with a Buy and a $31 price target. The analyst said shares are attractive in the later part of the lodging cycle given the security provided by its lease agreements and the ~7% dividend yield, and sees potential for future growth from hotel acquisitions and the ramp of the Sonesta portfolio and renovations.
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