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Fly News Breaks for February 22, 2017
SOHO
Feb 22, 2017 | 07:51 EDT
Janney Capital analyst Tyler Batory blamed Sotherly Hotels' Q4 earnings shortfall to one-time items, such as Hurricane Matthew, the Zika virus and debt extinguishment costs, and still sees the company as able to outperform given its high quality portfolio. He raised his fair value estimate on the stock to $8 from $7.50 and keeps a Buy rating on the shares.
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