Market Overview

UPDATE: Cantor Fitzgerald Initiates Summitt Hotel Properties at Buy on Yield and Upside Potential

Related INN
Summit Hotel (INN) Enters Overbought Territory - Tale of the Tape
Company News for May 13, 2014 - Corporate Summary

Cantor Fitzgerald initiated Summitt Hotel Properties (NYSE: INN) with a Buy rating and a $10.50 price target.

Cantor Fitzgerald said, "We are initiating coverage of Summit Hotel Properties with a BUY rating and a $10.50 target price. Summit is the only public hotel REIT exclusively focused on select service hotels. In our view, Summit is an attractive small-cap lodging REIT that operates mostly under the radar screens of investors in lodging equities. We believe Summit offers a compelling combination of upside potential in its share price and a healthy dividend yield."

Summitt Hotel Properties closed at $9.39 on Wednesday.

Posted-In: Cantor FitzgeraldAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (INN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters