Goldman Sachs is lowering its price target on shares of FelCor Lodging Trust Inc. FCH to $7.10 from $8.25, and it has a Neutral rating on shares.
In a Goldman Sachs writes, "We are lowering our 12-month price target to $7.10 from $8.25 due to lower multiples (12X EBITDA and 11X FFO on 2012E, from 13X and 13X respectively). We are lowering our multiples due to increased risk given
increased economic uncertainty."
Shares of FCH closed at $5.20 on Friday.
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