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Fly News Breaks for September 16, 2015
PEB
Sep 16, 2015 | 07:14 EDT
Cowen downgraded Pebblebrook Hotel to Market Perform and lowered its price target to $41 from $52. Analyst James Sullivan believes investors should wait for better clarity on the direction of sector fundamentals and said it is unclear of the sector's Q3 weakness is transitory and how much is driven by weakening fundamentals.
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