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Fly News Breaks for June 27, 2019
SHO
Jun 27, 2019 | 06:34 EDT
Wells Fargo analyst Jeffrey Donnelly last night upgraded Sunstone Hotel to Outperform from Market Perform with an unchanged price target of $15. The company's low leverage and net asset value discount could lead to share repurchases, Donnelly tells investors in a research note. Further, the analyst believes the company's 2019 guidance is "relatively more achievable" as compared to select peers.
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