October 10, 2013 10:38 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Goldman Sachs analyst Steven Kent upgraded the rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: FCH) from Neutral to Conviction List-Buy, and raised the price target from $6.20 to $7.25.In the report, Goldman Sachs noted, “We add FelCor to the Buy List as we expect the company to outperform peers on RevPAR growth in 2014. FelCor ranks favorably in our fundamental framework and scores well on metrics relating to supply increase, RevPAR growth trends year to date, and 2014E growth. Current balance sheet metrics for FelCor do not compare very favorably. However, we expect leverage metrics to progressively improve at the company, and see upside for EBITDA and AFFO expectations as well. Our 2014-2015 expectations for AFFO are higher than Street expectations by 13% to 17%. We expect FelCor to reinitiate a common dividend, albeit nominal, as early as 4Q2013. Our target price of $7.25 implies 24% in total returns (including a 1% dividend yield).”FelCor Lodging Trust closed on Wednesday at $5.98.
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