Wells Fargo analyst James Feldman lowered the firm’s price target on Sunstone Hotel (SHO) to $8.50 from $9 and keeps an Equal Weight rating on the shares. The firm is updating estimates following its meetings at Nareit and latest industry data. Based on recent conversations with investors, Wells would highlight generally negative, but improving sentiment on the lodging REIT sector.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHO:
- Sunstone Hotel initiated with an Underweight at JPMorgan
- Dubai party hotel FIVE considers listing in London or New York, Reuters says
- Sunstone Hotel upgraded to Outperform from In Line at Evercore ISI
- Sunstone Hotel Investors Reports Q1 2025 Earnings
- Sunstone Hotel Investors’ Earnings Call: Mixed Sentiments and Strategic Moves