Barclays raised the firm’s price target on Host Hotels (HST) to $20 from $19 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the lodging real estate investment trust space as part of a Q1 preview. While earnings could be better than expected, the {knock-on effects” from the Iran war, higher oil prices, and possibly softer World Cup demand “prevent us from turning positive on the sector overall,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HST:
- Host Hotels initiated with a Buy at Ladenburg
- Host Hotels price target raised to $23 from $21 at Truist
- Host Hotels price target raised to $20 from $19 at Wells Fargo
- Host Hotels price target raised to $21 from $19 at Cantor Fitzgerald
- Host Hotels price target raised to $27 from $26 at Deutsche Bank