Host Hotels upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Host Hotels (HST) to Equal Weight from Underweight with a price target of $15, down from $16. Shares are down 25% over the past year, underperforming the market, the analyst’s lodging coverage and lodging REIT peers, the analyst tells investors. Recent performance has left valuation below peers and at trough levels, so the firm now sees a more balanced risk-reward, the analyst noted.