UPDATE: Morgan Stanley Reiterates Overweight Rating, Lowers PT on La Quinta Holdings on Opportunity from Sell-Off

Loading...
Loading...
In a report published Wednesday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on
La Quinta HoldingsLQ
, but lowered the price target from $27.00 to $24.00. In the report, Morgan Stanley noted, “While we see LQ's oil industry exposure as risk to '15 consensus, after extensive analysis, we believe LQ stock has over corrected. After lowering estimates, our new YE15 price target is $24 (still 17% upside). LQ's long-term penetration and RevPAR stories keep us Overweight.” La Quinta Holdings closed on Tuesday at $20.57.
Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan StanleyThomas Allen
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...