Market Overview

UPDATE: Goldman Sachs Updates Hotel PT's

Related H
UPDATE: Hyatt Hotels Shares Fall After Downbeat Q3 earnings
Earnings Scheduled For October 29, 2014
Uber Opens Systems to Some Partners (Fox Business)

According to a research report published this morning, Goldman Sachs has lowered Hyatt Hotel's (NYSE: H) PT from $47.50 to $46, and increased Sunstone's (NYSE: SHO) PT from $10 to $11.25.

"2012 and 2013 estimates move lower mostly due to higher-than-expected G&A but 2014 is higher as the recently purchased hotel in Mexico City and the opening of the Park Hyatt in New York should overcome the increase in SG&A by then," Goldman Sachs said. "Our estimates move higher following the better-than-expected quarter mostly due to higher RevPAR estimates and better margin expansion. These estimates do not include the Chicago Wyndham, which should closer before quarter's end."

Hyatt is currently trading at $38.62, while Sunstone is trading at $10.46.

Latest Ratings for H

DateFirmActionFromTo
Oct 2014NomuraMaintainsBuy
Oct 2014MacquarieUpgradesNeutralOutperform
Sep 2014JP MorganMaintainsOverweight

View More Analyst Ratings for H
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (SHO + H)

Around the Web, We're Loving...

Get Benzinga's Newsletters