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Fly News Breaks for August 16, 2017
HLT, MAR
Aug 16, 2017 | 08:47 EDT
Bernstein analyst David Beckel says that the decline in the shares of Marriott (MAR) and Hilton (HLT) has created a "near-term buying opportunity." The analyst says that Marriott's stock fell following its results even though it reported "perfectly respectable earnings," while Hilton declined in sympathy. He says that Marriott is trading below its historical average relative to the S&P and predicts that the lodging sector will "trudge on rather than decelerate further.."
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