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Fly News Breaks for December 17, 2015
H
Dec 17, 2015 | 07:26 EDT
As noted earlier, Stifel downgraded Hyatt to Hold from Buy. The firm expects the stock to be pressured by the company's outsized exposure to New York City, the risk of continued diminished international inbound travel, both headline and operational risk from AirBNB, and a lack of positive catalysts in the lodging space. It expects the stock to underperform next year.
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