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Fly News Breaks for March 5, 2020
PLYA
Mar 5, 2020 | 05:52 EDT
Macquarie analyst Chad Beynon says the recent pullback in shares of Playa Hotels & Resort highlights the company's undervalued assets. The stock is down 40% year-to-date despite the fact that Playa has minimal exposure to Asia, Beynon tells investors in a research note. The analyst believes the shares have been disproportionately penalized amidst the coronavirus market selloff, creating an attractive entry point into the stock.
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