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Fly News Breaks for July 19, 2019
Jul 19, 2019 | 09:46 EDT
As previously reported, Cleveland Research downgraded Hilton to Neutral from Buy, stating that the magnitude of the expected pick-up in RevPAR in the second half of the year is being called into question over the last 30 days. The firm's survey work suggests June ended on a softer note, which has continued into July, and the stock now largely reflects Hilton's outperformance given the industry backdrop for modest RevPAR growth, the firm tells investors.
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