Stifel analyst Simon Yarmak downgraded Hersha Hospitality to Hold from Buy with a price target of $10, up from $8.75, after the company announced it will be acquired by KSL Capital Partners for $10 per share in an all-cash transaction valued at $1.4B. The analyst believes Hersha ran a full process and therefore does not expect another bidder to emerge during the go-shop period.
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