Citi lowered the firm’s price target on Host Hotels (HST) to $19 from $21 and keeps a Buy rating on the shares. The new price target assumes that shares can continue to see modest expansion in valuation multiples toward longer-term historical ranges vs. the current multiple, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HST:
- Airbnb, Shift4 Payments upgraded: Wall Street’s top analyst calls
- Host Hotels downgraded to Neutral at Compass Point amid ‘reset year’
- Host Hotels downgraded to Neutral from Buy at Compass Point
- Host Hotels price target lowered to $19 from $20 at Wedbush
- Host Hotels & Resorts Earnings Call: Mixed Outcomes and Optimism