Jefferies & Company Initiates Sunstone Hotel Coverage With A Hold Rating And $11 PT

Sunstone Hotel Investors, Inc. SHO remains a business on the rebound, as the company has successfully navigated the downturn and has begun rebuilding its portfolio, Jefferies & Company reports. “The underlying net asset value relative to the share price compares favorably, which suggests the shares should continue to perform at least in line with the group,” Jefferies & Company writes. “We initiate coverage of the shares of Sunstone Hotel Investors with a Hold rating and an $11 price target.” Sunstone Hotel Investors currently trades for $10.64.