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Fly News Breaks for March 5, 2018
HPT
Mar 5, 2018 | 06:09 EDT
As reported earlier, DA Davidson analyst James Lykins downgraded Hospitality Properties to Neutral from Buy and lowered his price target to $26 from $33, saying the company is undergoing a transition period with a number of "significant renovation projects" this year. The analyst adds that the transition will be an overhand on the stock in the near term, but will position the company for a "significant ramp" in 2019.
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