Fly News Breaks for November 16, 2017
LHO
Nov 16, 2017 | 05:57 EDT
JPMorgan analyst Joseph Greff downgraded LaSalle Hotel to Underweight saying the valuations of Lodging REITs are "relatively rich" following the quarter-to-date outperformance. Prospects of U.S. corporate tax reform eventually stimulating business travel are already reflected in the stock prices, Greff tells investors in a research note. He keeps a $24 price target for LaSalle shares.
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