Sunstone Hotel price target raised to $12 from $10 at Jefferies

Jefferies raised the firm’s price target on Sunstone Hotel (SHO) to $12 from $10 and keeps a Hold rating on the shares. The firm’s view on Lodging stocks going into 2025 is “incrementally positive,” says the analyst, who cites a more stable macro environment, balanced fundamentals, and sustainable growth. The continuing execution of unit and pipeline growth for C-corps and return-on-investment projects for REITs should support higher valuations in the context of an improving interest rate outlook, the analyst tells investors in a group outlook note.