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Fly News Breaks for June 22, 2018
HT
Jun 22, 2018 | 09:32 EDT
DA Davidson analyst James Lykins raised his price target on Hersha Hospitality to $24 and kept his Buy rating. The analyst cites his favorable outlook on the company and the industry, with RevPAR expectations above the peer group amid a resurgence in leisure. Lykins also cites improvement in the supply-demand dynamic, with greater corporate willingness to travel and rising inflation expectations serving as positive catalysts.
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