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Fly News Breaks for December 14, 2017
LHO
Dec 14, 2017 | 06:15 EDT
Citi analyst Michael Bilerman downgraded LaSalle Hotel to Sell and lowered his price target for the shares to $25 from $26.50. The analyst believes the company's portfolio will be challenged from elevated supply in 2018, which he thinks will likely pressure operating margin.
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