Market Overview

UPDATE: BMO Capital Markets Initiates Summit Hotel Properties at Market Perform

Related INN
Benzinga's Top Upgrades, Downgrades For July 14, 2017
A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Economic Data

BMO Capital Markets initiated Summit Hotel Properties (NYSE: INN) with a Market Perform rating and a $10.00 price target.

BMO Capital Markets noted, "Summit's target markets have fewer barriers to entry from a hotel development standpoint, but limited lending has kept supply growth low and helped propel RevPAR growth for the company to near sector-level highs. However, we believe the in-line valuation recognizes these factors and thus, we are initiating with a Market Perform rating."

Summit Hotel Properties closed at $9.12 on Monday.

Latest Ratings for INN

Aug 2017Bank of AmericaDowngradesBuyUnderperform
Aug 2017Canaccord GenuityMaintainsBuy
Jul 2017Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for INN
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (INN)

View Comments and Join the Discussion!