UPDATE: Argus Upgrades Host Hotels And Resorts; Has High Growth Expectations

In a report released Tuesday, Argus analyst Lucy Moore upgraded Host Hotels and Resorts HST from Hold to Buy and reiterated a $26.00 price target.

Moore claimed Host Hotels is in position to benefit from the continuous improvements to come in the lodging industry. Argus estimated double-digit growth in the next two years due to the company's strong performance in management and financially.

Analysts at Argus favor Host's growth in RevPAR; the company reported double-digit growth in revPAR during its first quarter in West Coast areas such as San Francisco, Seattle and San Diego.