American Hotel Income price target lowered to C$0.75 from C$0.90 at Scotiabank

Scotiabank analyst Mario Saric lowered the firm’s price target on American Hotel Income Properties to C$0.75 from C$0.90 and keeps a Sector Perform rating on the shares. While Q1 was a seasonally slow period, the company discussed Q2 had a “solid start,” partly due to one-time events such as the Solar Eclipse, the analyst tells investors. However, economic uncertainty continues to pressure top-line growth, the firm adds.