2021-12-14 16:21:48 HST Host Hotels
12/14/21 12/1416:21 12/14/2116:21 | Goldman upgrades Host to Neutral despite hotel REIT cautionGoldman Sachs analyst Stephen Grambling upgraded Host Hotels to Neutral from Sell with a price target of $18, up from $17. The analyst continues to view the broader hotel real estate investment trust space with caution due to ongoing supply growth and "less visible" demand trends in urban markets with greater reliance on business travel subject to local restrictions. However, he believes Host's "stronger" investment in existing assets, greater balance sheet capacity, and exposure to Sunbelt markets position the company relatively better than peers. |
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