HSBC initiated coverage of Host Hotels with a Buy rating and $21 price target. The pandemic accelerated shifts in lifestyle, technology, and behaviors that are shaping travel and leisure and fueling growth, the analyst tells investors in a research note. The firm says innovation and digital commerce are driving “operating model convergence and a broadening of the competitive landscape.” It initiated 13 names in U.S. travel and leisure sector, favoring names “that leverage scale and a differentiated brand to drive sustainable cash generation.”
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 initiated with an Outperform at Wedbush
- Host Hotels price target lowered to $21 from $22 at Barclays
- Wolfe Research says generally cautious on Lodging amid macro concerns
- Host Hotels initiated with an Outperform at Wolfe Research
- Host Hotels & Resorts Announces Third Quarter 2023 Earnings Call to be Held on November 2, 2023