Macquarie analyst Chad Beynon downgraded Playa Hotels & Resorts (PLYA) to Neutral from Outperform with a price target of $13.50, down from $16 after Playa announced an agreement to be acquired by Hyatt (H) for $13.50 per share in cash.
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- Playa Hotels & Resorts to be acquired by Hyatt for $13.50 per share in cash
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