Barclays lowered the firm’s price target on Sunstone Hotel to $9 from $10 and keeps an Underweight rating on the shares. Hawaii is a key market for Sunstone, which has among the most direct exposure to Maui among the lodging real estate investment trusts, the analyst tells investors in a research note. The firm update estimates to reflect lower near-term demand expectations for Maui leisure travel in the aftermath of August’s wildfires.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SHO:
- Wolfe Research says generally cautious on Lodging amid macro concerns
- Sunstone Hotel initiated with a Peer Perform at Wolfe Research
- Sunstone Hotel price target lowered to $9 from $10 at Compass Point
- Sunstone Hotel sees Q3 AFFO 18c-21c
- Sunstone Hotel reports Q2 AFFO 33c, consensus 31c
Questions or Comments about the article? Write to editor@tipranks.com