Host Hotels price target raised to $21 from $19 at Wells Fargo

Wells Fargo raised the firm’s price target on Host Hotels (HST) to $21 from $19 and keeps an Overweight rating on the shares. The firm notes TRevPAR growth is expected to outpace RevPAR in 2025, and op ex growth is expected to increase slightly year-over-year. Wells’ assumptions surrounding Maui’s recovery are conservative, although festive season trends are positive.