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Fly News Breaks for July 21, 2015
STAY
Jul 21, 2015 | 07:09 EDT
BofA/Merrill downgraded Extended Stay America two notches to Underperform from Buy and lowered its price target to $20 from $23. The firm's analyst said the company faces difficult Q2/Q3 comps with industry RevPAR decelerating and has low visibility.
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