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UPDATE: Goldman Sachs Updates Hotel PT's

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Hyatt Banks on Expansion & Miraval Acquisition, Risks Remain
Hyatt Banks on Expansion & Miraval Acquisition, Risks Remain

According to a research report published this morning, Goldman Sachs has lowered Hyatt Hotel's (NYSE: H) PT from $47.50 to $46, and increased Sunstone's (NYSE: SHO) PT from $10 to $11.25.

"2012 and 2013 estimates move lower mostly due to higher-than-expected G&A but 2014 is higher as the recently purchased hotel in Mexico City and the opening of the Park Hyatt in New York should overcome the increase in SG&A by then," Goldman Sachs said. "Our estimates move higher following the better-than-expected quarter mostly due to higher RevPAR estimates and better margin expansion. These estimates do not include the Chicago Wyndham, which should closer before quarter's end."

Hyatt is currently trading at $38.62, while Sunstone is trading at $10.46.

Latest Ratings for H

DateFirmActionFromTo
Apr 2017GuggenheimInitiates Coverage OnNeutral
Mar 2017Morgan StanleyUpgradesUnderweightEqual-Weight
Jan 2017BerenbergDowngradesBuyHold

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