Market Overview

UPDATE: BMO Capital Markets Initiates Host Hotels & Resorts at Market Perform on Valuation

Related HST
Credit Suisse Initiates Coverage On Host Hotel And Resorts
Earnings Scheduled For October 30, 2014

BMO Capital Markets initiated coverage on Host Hotels & Resorts (NYSE: HST) with a Market Perform rating and a $18.00 price target.

BMO Capital Markets noted, "Host benefits from excellent trading liquidity and superior access to capital, and is large enough to make unique investments that would be riskier for smaller peers. But the company's geographic diversification can also muffle RevPAR growth compared to regionally focused REITs, and its large size makes it harder to move the earnings needle through investments. Bottom line, we think Host is one of the better-positioned lodging REITs to benefit from a broad-based recovery in group business but valuation has moved to a premium and we think upside is more limited at this point."

Host Hotels & Resorts closed at $16.67 on Monday.

Latest Ratings for HST

DateFirmActionFromTo
Dec 2014CitigroupMaintainsBuy
Nov 2014Raymond JamesDowngradesOutperformMarket Perform
Nov 2014Credit SuisseInitiates Coverage onNeutral

View More Analyst Ratings for HST
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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