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Fly News Breaks for December 18, 2018
SHO
Dec 18, 2018 | 05:23 EDT
Barclays analyst Anthony Powell downgraded Sunstone Hotel Investors to Equal Weight and lowered his price target for the shares to $16 from $18. The analyst sees less multiple expansion for Sunstone in the near-term as its RevPAR growth reverts closer to the peer average. Further, challenges remain with the company's deployment of investment capacity, Powell tells investors in a research note.
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