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Fly News Breaks for January 19, 2016
SHO
Jan 19, 2016 | 07:24 EDT
As previously reported, Evercore ISI upgraded Sunstone Hotel to Buy from Hold. Analyst Steve Sakwa upgraded shares based on relative valuation, significant ramp-up in 2016 at the Boston Park Plaza, the initial stages of ramp-up at the Wailea Marriott later this year; and take-out possibility if current valuation persist. The analyst lowered Sunstone Hotel's price target to $12.50 from 15 on shares.
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