Wells Fargo analyst Dori Kesten raised the firm’s price target on Host Hotels to $23 from $22 and keeps an Overweight rating on the shares. Discussing the lodging space, Wells notes that while its 2024 EBITDA is in line with consensus, its Q1 is 4% below, likely on heavier expense assumptions in the soft RevPAR quarter. The firm’s sense is that management teams intend 2024 guides to be conservative, but will likely lean towards fair.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HST:
- Host Hotels & Resorts Announces First Quarter 2024 Earnings Call to be Held on May 2, 2024
- Host Hotels price target raised to $25 from $23 at Barclays
- Host Hotels price target raised to $24 from $21 at Truist
- Host Hotels price target raised to $24 from $22 at Argus
- Host Hotels price target raised to $25 from $22 at Compass Point