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Fly News Breaks for September 27, 2019
PK
Sep 27, 2019 | 05:08 EDT
Barclays analyst Anthony Powell reinstated coverage of Park Hotels & Resorts with an Overweight rating and $30 price target after the completion of the company's acquisition of Chesapeake. The deal expands Park's reach into many important geographies at once and it gives it the opportunity to drive group mix and ancillary revenues at the Chesapeake portfolio, Powell tells investors in a research note.
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