Extended Stay America Announces Pricing of Secondary Offering and Repurchase of Paired Shares
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Stifel Raises Price Target on Extended Stay America (STAY) to $15; Reiterates Hold
November 15, 2016 9:35 AM ESTStifel reiterated a Hold rating on Extended Stay America (NYSE: STAY), and raised the price target to $15.00 (from $14.50), following 12.75 million paired share offering by ownership group. The sale equates to 12.4% of the shares owned by the ownership group and 7.1% of the shares outstanding of STAY.... More
