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Fly News Breaks for January 14, 2016
H
Jan 14, 2016 | 07:23 EDT
MKM Partners analyst Christopher Agnew downgraded Hyatt to Sell from Neutral and lowered his fair value target on shares to $37 from $59. Agnew said Hyatt has significant operating leverage heading into a downturn and may face relative supply pressure to its peers given its chain scale concentration mix is nearly all Upscale and its owned assets are in key markets such as New York.
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