Jefferies raised the firm’s price target on Xenia Hotels to $14 from $13 and keeps a Hold rating on the shares. The firm says its updated view on lodging C-corps and real estate investment trusts is tempered by the mix of economic outlooks affecting fundamentals, although it believes the recent change in the interest rate outlook supports higher valuations.
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Read More on XHR:
- Xenia Hotels price target lowered by $2 at KeyBanc, here’s why
- Xenia Hotels & Resorts Declares Dividend For Fourth Quarter 2023 And Announces Board Approval For A $100 Million Increase In Share Repurchase Program
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