Morgan Stanley lowered the firm’s price target on Xenia Hotels (XHR) to $9 from $11 and keeps an Underweight rating on the shares. The firm has lowered estimates for lodging and timeshare stocks in its coverage on weaker demand indicators and tweaked down multiples to mark to market, the analyst tells investors.
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Read More on XHR:
- Strategic Asset Sale and Financial Flexibility Justify Buy Rating for Xenia Hotels & Resorts
- Jefferies downgrades hotel stock trio to Hold amid decelerating global travel
- Xenia Hotels downgraded to Hold from Buy at Jefferies
- Xenia Hotels price target lowered to $16 from $17 at KeyBanc
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