Morgan Stanley Equal-Weight on Sunstone Hotel Investors

Morgan Stanley is out with a research report on Sunstone Hotel Investors, Inc. SHO and it has an Equal-Weight rating and a $8 price target on shares. In a note to clients, Morgan Stanley writes, "We continue to rate SHO Equal-weight driven by our views that the company will trade at a discount to NAV until the investment community gets more comfortable with management's track record for execution, something that we do believe will come with time." Shares of SHO lost 13 cents yesterday to close at $7.34.