UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on FelCor Lodging Trust

In a report published Wednesday, the Goldman Sachs Group reiterated its Neutral rating on FelCor Lodging Trust FCH, and slightly raised its price target from $4.75 to $5.00. Goldman Sachs noted, “We are updating our estimates following the company's 2Q results. Our new estimates assume the sale of the 222-room Embassy Suites in late August. Our new estimates also take into account higher operating results as well as refinancing activity. Our new FFO per share estimates for 2012, 2013, and 2014 are $0.28, $0.49, and $0.74, changed from $0.30, $0.47, and $0.73. Our FY2012 FFO per share estimates are lowered due to the asset sale in the 3Q, and our FY2013 and FY2014 FFO per share estimates are raised due to lower interest expense.” FelCor Lodging Trust closed on Tuesday at $4.84.