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Fly News Breaks for September 26, 2016
SHO
Sep 26, 2016 | 06:27 EDT
Morgan Stanley analyst Thomas Allen downgraded Sunstone Hotel to Underweight and lowered its price target to $11 from $13. The analyst lowered his US RevPAR outlook to +1% in 2017 from +2.4% and -1% in 2018 from +1.5% based on a unchanged macro view and cut Sunstone given relative share outperformance and a weaker RevPAR outlook.
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