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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XHR:
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- Xenia Hotels & Resorts Reports Q3 2024 Performance
- Xenia Hotels reports Q3 EPS 25c, consensus 29c
- Xenia Hotels sees 2024 adjusted FFO $1.54-$1.62, consensus $1.67
- Xenia Hotels & Resorts Inc (XHR) Q3 Earnings Cheat Sheet