Baird raised the firm’s price target on Hersha Hospitality to $10 from $7 and keeps a Neutral rating on the shares. The company received a buyout offer form KSL Capital Partners at $10.00 per share in an all-cash transaction valued at $1.4 billion.
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Read More on HT:
- BMO ‘cannot entirely rule out another’ Hersha Hospitality bid, ups target to $10
- Hersha Hospitality downgraded to Hold from Buy at Stifel
- Hersha Hospitality upgraded to Equal Weight from Underweight at Barclays
- Hersha Hospitality price target raised to $10 from $8 at Deutsche Bank
- Hersha Hospitality price target raised to $10 from $7 at BMO Capital
