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INN

Summit Hotel Properties

$17.80

-0.41 (-2.25%)

06:18
07/17/17
07/17
06:18
07/17/17
06:18

Summit Hotel Properties downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst William Crow downgraded Summit Hotel Properties to Market Perform given "remarkable relative outperformance" and potential supply pressures in many urban tracts that could peak in 2018 and suburban markets in 2019.

  • 03

    Aug

INN Summit Hotel Properties
$17.80

-0.41 (-2.25%)

03/03/17
BOFA
03/03/17
UPGRADE
Target $17
BOFA
Buy
Summit Hotel Properties upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Shaun Kelley upgraded Summit Hotel Properties two notches to Buy from Underperform and raised its price target to $17 from $14. Kelley said Summit's management has delivered on solid execution and sees better RevPAR performance given exposure to suburbs and key locations that do not have supply headwinds.
05/25/17
ADAM
05/25/17
NO CHANGE
Target $20
ADAM
Buy
Summit Hotel Properties set to grow into its valuation, says Canaccord
Canaccord analyst Ryan Meliker attended the Summit Hotel Properties investor day and came away confident if management executes its acquisition it should drive the shares higher. He believes given the company's growth profile, the shares are set to grow into and beyond its current valuation in relatively short order. Meliker reiterated his Buy rating and raised his price target to $20 from $18 on Summit Hotel Properties shares.

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