Barclays raised the firm’s price target on Host Hotels to $23 from $21 and keeps an Equal Weight rating on the shares. The analyst expects lodging real estate investment trusts to initiate relatively conservative 2024 earnings guidance in terms of RevPAR growth and margins, yet the firm expresses optimism regarding group bookings, stabilization of leisure demand, and continued improvement in business transient demand.
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Read More on HST:
- Host Hotels price target raised to $21 from $20 at Stifel
- Host Hotels price target raised to $17 from $15 at Morgan Stanley
- Host Hotels upgraded to Buy from Underperform at BofA
- Host Hotels price target raised to $24 from $21 at Jefferies
- Host Hotels & Resorts Announces Fourth Quarter 2023 Earnings Call to be Held on February 22, 2024
