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Fly News Breaks for July 14, 2016
Jul 14, 2016 | 07:25 EDT
As previously reported, MKM Partners upgraded Interval Leisure to Buy from Neutral and raised its price target to $25 from $16.50. Analyst Christopher Agnew believes Interval is poised for earnings acceleration following the completion its merger with Vistana, is positioned to unlock value over a multi-year period given its strong balance sheet, has positive 2H 2016 catalysts from improving industry and company metrics as well as corporate actions by peers, and focus on leisure and 2.8% dividend yield is attractive.
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