Wells Fargo raised the firm’s price target on Host Hotels (HST) to $22 from $21 and keeps an Overweight rating on the shares. The lodging REITs are coming off a period of limited M&A chatter, and the firm expects the news of interest in Sunstone Hotel (SHO) to also accrue to peers, providing a slightly elevated floor.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HST:
- Early notable gainers among liquid option names on December 3rd
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- Host Hotels price target raised to $21 from $19 at Wells Fargo
- Host Hotels price target lowered to $20.50 from $21 at Stifel
- Host Hotels & Resorts Q3 2024 Earnings Summary