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Fly News Breaks for December 18, 2018
HST
Dec 18, 2018 | 08:33 EDT
As previously reported, Evercore ISI upgraded Host Hotels to Outperform from In Line. Analyst Steve Sakwa views shares as relatively inexpensive given its premier portfolio, non-core asset sales announced since the beginning of 2017, and sector leading balance sheet. Further, Sakwa thinks risks surrounding the funding of the possible acquisition of the Strategic Hotels portfolio and the company's accelerated capex program with Marriott are reflected at current levels.
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