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UPDATE: Citigroup Upgrades Host Hotels and Resorts to Buy, Reiterates $18 PT

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Earnings Scheduled For July 26, 2017

In a report published Friday, Citigroup upgraded its rating on Host Hotels and Resorts (NYSE: HST) from Neutral to Buy, and reiterated its $18.00 price target.

Citigroup noted, “We rate HST shares Buy based on attractive relative and absolute valuation. We see the potential for fundamental outperformance, as group business continues to gain momentum, renovation disruption subsides and recently repositioned assets ramp. Unlike the ‘blue chips' in other REIT sectors, HST is getting no valuation premium for some of the advantages it provides investors – better access/cost of capital, greater share liquidity, a diversified earnings stream, management depth and the ability to compete for large private portfolios that may enter the public domain.”

Host Hotels and Resorts closed on Thursday at $15.16.

Latest Ratings for HST

DateFirmActionFromTo
Aug 2017Boenning & ScattergoodUpgradesNeutralOutperform
Apr 2017Boenning & ScattergoodInitiates Coverage OnNeutral
Apr 2017Goldman SachsUpgradesSellNeutral

View More Analyst Ratings for HST
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Upgrades Analyst Ratings

 

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