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Fly News Breaks for May 11, 2018
PEB, LHO
May 11, 2018 | 09:55 EDT
SunTrust analyst C. Patrick Scholes raised his price target on LaSalle Hotel to $32 after its Q1 earnings beat and also raised his FY18 EBITDA target to $306M from $295M. Scholes believes that there is now a 70% chance that the REIT is bought out by Pebblebrook (PEB) or another buyer given the "positive tone" around its quarter. The analyst keeps his Hold rating however given the valuation on LaSalle Hotel.
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