Citigroup Initiates La Quinta Holdings With Buy

Citigroup initiated coverage on

with a Buy rating. The target price for La Quinta Holdings is set to $27. La Quinta Holdings shares have gained 35.62 percent over the past 52 weeks, while the S&P 500 index has surged 12.21 percent in the same period. La Quinta Holdings' shares jumped 1.51 percent to close at $23.57 yesterday.