Deutsche Bank downgraded Playa Hotels & Resorts (PLYA) to Hold from Buy with a price target of $13.50, down from $15, after the company entered into an agreement with Hyatt Hotels (H) under which an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa for $13.50 per share in cash.
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Read More on PLYA:
- Playa Hotels & Resorts downgraded to Perform from Outperform at Oppenheimer
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