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Raymond James has decided to maintain its Outperform rating of Host Hotels & Resorts (NASDAQ:HST) and raise its price target from $19.00 to $23.00.
Shares of Host Hotels & Resorts are trading down 0.39% over the last 24 hours, at $20.59 per share.
A move to $23.00 would account for a 11.7% increase from the current share price.
Host Hotels & Resorts Inc owns 77 predominantly urban and resort upper-upscale and luxury hotel properties representing nearly 42,000 rooms, mainly in the United States. Host recently sold off the company's interests in a joint venture owning a portfolio of hotels throughout Europe and also sold other joint ventures that owned properties in Asia and the United States. The majority of Host's portfolio operates under the Marriott and Starwood brands.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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Posted In: HST
