Host Hotels price target lowered to $20 from $23 at Raymond James

Raymond James lowered the firm’s price target on Host Hotels (HST) to $20 from $23 and keeps an Outperform rating on the shares. Host Hotels has the lowest leverage among the lodging REITs, which positions the company to take a more offensive posture toward external growth/acquisitions and warrants a multiple premium, the analyst tells investors in a research note.