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Fly News Breaks for February 16, 2016
H
Feb 16, 2016 | 06:40 EDT
Morgan Stanley analyst Thomas Allen upgraded Hyatt to Overweight and lowered his price target to $45 from $47 on shares. The analyst said shares are trading at one of the lowest levels since it went public in 2009 and its low leverage allows it to potentially make opportunistic accretive acquisitions, or even buy back all of its float by going to 3x leverage.
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