BofA downgraded Apple Hospitality REIT to Neutral from Buy with a price target of $18, down from $19. The firm, which is restacking its lodging REIT ratings with two upgrades and two downgrades, is concerned about Apple’s lower RevPAR growth risk and higher margin pressures.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on APLE:
