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Keefe, Bruyette & Woods provided color on Host Hotels & Resorts's
HST termination of agreement to purchase the Grand Hyatt D.C. in a research note published today. Keefe, Bruyette & Woods has a Market Perform rating and $13 price target on Host Hotels & Resorts.
In the report, Keefe, Bruyette & Woods states, "We believe heightened concerns regarding D.C. trends drove HST to reconsider incremental operating leverage to D.C."
Shares of Host Hotels & Resorts were trading at $14.16 at the time of posting, up 0.50% from Monday's market close.
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