UPDATE: Deutsche Bank Raises PT on Orient-Express Hotels Ltd. Following Restricted Period

In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Orient-Express Hotels Ltd.

, and slightly raised the price target from $11.00 to $12.00. In the report, Poole noted, “Post an extended restricted period, we are updating our estimates and price target. We rate the shares Buy as we continue to believe shares can benefit from: 1) limited expectations for margin enhancements despite the potential for improvements in flow through, 2) the pricing in of much of the negative macro news that has seemingly already been discounted for both lodging and luxury peers, 3) limited Consensus support despite several potential positive catalysts, and 4) continued asset sale opportunities at meaningfully higher multiples than the current trading range of the owned portfolio.” Orient-Express Hotels Ltd. closed on Monday at $9.76.