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LHO

LaSalle Hotel

$29.42

0.13 (0.44%)

10:51
10/06/17
10/06
10:51
10/06/17
10:51

LaSalle Hotel: Damage from Irma at Key West resorts 'not significant'

LaSalle Hotel Properties provided a second Hurricane Irma impact update regarding its resorts in Key West, Florida. After both resorts closed on Wednesday, September 6, 2017 to comply with all mandatory evacuations of the island ahead of Hurricane Irma, the Southernmost Beach Resort has partially re-opened and The Marker Waterfront Resort remains closed. The company has not identified any structural damage at either of its resorts. While the company is still assessing the condition of both properties, it currently believes that the damage is not significant and is primarily related to water intrusion. The company expects both resorts will resume full operations by the end of October 2017. The company is evaluating the financial impact to both resorts and will provide another update on its third quarter earnings call on October 20, 2017. As previously stated, the company maintains property, flood, fire, and business interruption insurance at its two resorts in Key West. For the combined properties, insurance is subject to deductibles of approximately $5M in total.

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    Nov

LHO LaSalle Hotel
$29.42

0.13 (0.44%)

04/12/17
BOSC
04/12/17
INITIATION
Target $35
BOSC
LaSalle Hotel initiated with an Outperform at Boenning & Scattergood
Boenning & Scattergood analyst Floris van Dijkum initiated LaSalle Hotel with an Outperform and a $35 price target saying its largest market exposure is in Washington DC, which should serve well in 2017 as it traditionally does well in political administration transition years.
08/02/17
GSCO
08/02/17
DOWNGRADE
Target $24
GSCO
Sell
LaSalle Hotel downgraded to Sell from Neutral at Goldman Sachs
Goldman analyst Stephen Grambling downgraded LaSalle Hotel to Sell with a $24 price target saying it has among the greatest fundamental risk from a continued slowdown in corporate spending due to exposure to urban markets and shares trade at a premium.
08/24/17
BOSC
08/24/17
DOWNGRADE
BOSC
Neutral
LaSalle Hotel downgraded to Neutral from Outperform at Boenning & Scattergood
Boenning & Scattergood analyst Floris van Dijkum downgraded LaSalle Hotel to Neutral citing recent share outperformance and potential declining comparable EBITDA that could pressure future NAV.
08/24/17
08/24/17
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. Teva (TEVA) downgraded to Underperform from Neutral at Credit Suisse by analyst Vamil Divan, saying that while Teva has dramatically reduced 2017 guidance, the core challenges they are facing should not fade anytime soon. The analyst pointed out that pricing pressure and increased competition in the U.S. generics business will remain, the appointment of a full-time CEO is still pending and the threat of generic competition to Copaxone 40mg still looms. 2. Lowe's (LOW) downgraded to Market Perform from Outperform at BMO Capital by analyst Wayne Hood based on the company's results and guidance which he said were "disappointing." The analyst expects the company's profitability to remain "challenged" going forward. 3. Dick's Sporting (DKS) downgraded to Market Perform from Outperform at Cowen, saying it had overestimated the company's ability to achieve its prior guidance and maintain its profitability. Cowen pointed to a number of headwinds for Dick's, including increasing digital competition and the negative side of industry cyclical trends. 4. J.M. Smucker (SJM) downgraded to Neutral from Overweight at JPMorgan. 5. LaSalle Hotel (LHO) downgraded to Neutral from Outperform at Boenning & Scattergood by analyst Floris van Dijkum citing recent share outperformance and potential declining comparable EBITDA that could pressure future NAV. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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FII

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LM

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FCX

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$15.27

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