Wells Fargo raised the firm’s price target on Xenia Hotels (XHR) to $18 from $17 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.
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Read More on XHR:
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
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