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CDOR

Condor Hospitality Trust

$10.62

-0.13 (-1.21%)

, MAR

Marriott

$101.35

0.36 (0.36%)

07:41
07/18/17
07/18
07:41
07/18/17
07:41

Condor Hospitality Trust agrees to acquire 3 Marriott-branded hotels in Texas

Condor Hospitality Trust (CDOR) announced that it has executed an agreement to purchase a portfolio of three Marriott (MAR)-branded hotels for $59.6M. The portfolio includes the following hotels: the Fairfield Inn & Suites El Paso Airport, the TownePlace Suites Austin North Tech Ridge, and the Residence Inn Austin Airport. The company expects that the hotels will continue to be managed by Aimbridge Hospitality.

CDOR

Condor Hospitality Trust

$10.62

-0.13 (-1.21%)

MAR

Marriott

$101.35

0.36 (0.36%)

  • 07

    Aug

  • 08

    Aug

CDOR Condor Hospitality Trust
$10.62

-0.13 (-1.21%)

03/31/17
DADA
03/31/17
INITIATION
Target $12
DADA
Buy
Condor Hospitality Trust initiated with a Buy at DA Davidson
DA Davidson analyst James Lykins started Condor Hospitality Trust with a Buy rating and $12 price target.
04/25/17
JANY
04/25/17
INITIATION
Target $12
JANY
Buy
Condor Hospitality Trust initiated with a Buy at Janney Capital
Fair value estimate $12.
05/19/17
KEYB
05/19/17
INITIATION
KEYB
Sector Weight
Condor Hospitality Trust initiated with a Sector Weight at KeyBanc
KeyBanc analyst Austin Wurschmidt started Condor Hospitality Trust with a Sector Weight rating.
07/13/17
BARD
07/13/17
INITIATION
Target $11
BARD
Neutral
Condor Hospitality Trust initiated with a Neutral at Baird
Baird analyst Michael Bellisario initiated Condor Hospitality Trust with a Neutral and an $11 price target.
MAR Marriott
$101.35

0.36 (0.36%)

04/09/17
GSCO
04/09/17
DOWNGRADE
Target $105
GSCO
Buy
Marriott downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Stephen Grambling removed Marriott from the Conviction Buy List to reflect outperformance versus the S&P since adding shares on September 25, 2016. The analyst maintains his Buy rating and $105 price target to reflect Starwood integration upside, free cash flow generation and upside from a more unified loyalty program, and improvements in corporate demand, among other reasons.
04/10/17
04/10/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AstraZeneca (AZN) downgraded to Hold from Buy at Jefferies with analyst Jeffrey Holford citing the impact of future revenue externalizations and asset disposals on revenue and earnings growth. Consensus estimates may overestimate revenue by up to $2.5B and core operating profit by up to $850M by 2021, Holford tells investors in a research note. 2. J.M. Smucker (SJM) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Grainger saying increased retail competition adds to a challenging US Foods backdrop. The analyst sees two headwinds emerging from Wal-Mart's (WMT) increased leverage over Food manufacturers and renewed private label growth. Grainger said J.M. Smucker's has outsized risk to Wal-Mart and private label risk , and as a result downgraded shares and lowered his price target to $126 from $132. 3. Marriott (MAR) downgraded to Buy from Conviction Buy at Goldman with analyst Stephen Grambling citing outperformance versus the S&P since adding shares to the Conviction Buy List on September 25, 2016. 4. AMC Networks (AMCX) downgraded to Neutral from Overweight at Piper Jaffray with analyst Stan Meyers citing viewership declines at the flagship Walking Dead franchise, "quickly accelerating" content and marketing costs as well as his firm's teen survey which indicated teens are turning away from cable at a faster pace. The analyst cut his price target AMC shares to $60 from $73. 5. Cinemark (CNK) downgraded to Buy from Conviction Buy at Goldman with analyst Michael Ng citing valuation and maintained its Buy rating and $49 price target. The analyst expects Cinemark to outperform box office growth in 2017 given its aggressive rollout of recliners across its US footprint in 2016. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/26/17
GUGG
04/26/17
INITIATION
GUGG
Neutral
Marriott initiated with a Neutral at Guggenheim
Guggenheim analyst Jake Fuller initiated Marriott with a Neutral saying valuation appears full, industry supply is outpacing demand and RevPAR growth is slowing.
06/27/17
DBAB
06/27/17
NO CHANGE
DBAB
Buy
Deutsche 'incrementally more concerned' on Lodging
Deutsche Bank analyst Carlo Santarelli says he's becoming "incrementally more concerned" regarding Lodging industry fundamentals in the second half of 2017. Trends thus far in the quarter have been soft, but low expectations have allowed the stocks to hang in, Santarelli tells investors in a research note. He thinks investor patience could wane in the second half of 2017 should current trends persist and policy agenda items like corporate tax amendments and healthcare reform continue to linger. The analyst has a Buy rating on Hilton (HLT) and Hold ratings on Choice Hotels (CHH), Hyatt (H) and Marriott (MAR).

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GE

General Electric

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  • 20

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LDR

Landauer

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ALL

Allstate

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HUBG

Hub Group

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  • 26

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TEAM

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GPC

Genuine Parts

$89.71

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  • 30

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BOJA

Bojangles

$12.50

0.1 (0.81%)

08:26
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Downgrade
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  • 01

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TEAM

Atlassian

$40.25

0.44 (1.11%)

08:25
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AGN

Allergan

$189.27

2.12 (1.13%)

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General news
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WBC

Wabco

$155.08

6.01 (4.03%)

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UAL

United Continental

$59.78

-8.21 (-12.08%)

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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

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$DJT

DJ Transportation Average

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

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XLY

Consumer Discretionary Sector SPDR

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08:20
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General news
Canada CPI preview »

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