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Fly News Breaks for January 7, 2020
PK
Jan 7, 2020 | 08:17 EDT
Raymond James analyst William Crow downgraded Park Hotels & Resorts to Market Perform from Outperform. In a research note to investors, Crow says that while he thinks shares remain attractively valued, he has adopted a more cautious view towards San Francisco and other west coast markets, has been disappointed by the past couple of quarters' performance, and believes that the Street's positive bias towards the company has been eroded during the past year.
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