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Citing uncertain economic conditions, $HST cut its RevPAR growth outlook by 100 basis points. $HST also reduced its FY16 NAREIT and adj. FFO per share to $1.63 to 1.67 per share from its prior outlook of $1.65 - $1.69 per share. However, it raised its EPS outlook to $732-$762MM, or $0.97 to $1.01 per share based on cost reduction initiatives.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?