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Fly News Breaks for December 19, 2017
HPT
Dec 19, 2017 | 05:33 EDT
Wells Fargo analyst Jeffrey Donnelly downgraded Hospitality Properties Trust to Underperform from Market Perform with an unchanged price target of $28 due to supply concerns.. The analyst notes that supply in the upscale/upper midscale segments is expected to grow at a 5.8% annual rate in 2017-2019, over two times the pace for the industry.
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