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Janney Starts Apple Hospitality REIT (APLE) at Buy

Janney analyst Tyler Batory initiates coverage on Apple Hospitality REIT (NYSE: APLE) with a Buy rating and a price target of $18.00.The analyst comments "We believe the company is well positioned given its ownership of select-service hotels, which we think offer consistent cash flows and higher margins than other asset types. We also like how...

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