Wells Fargo downgraded Sunstone Hotel to Underweight from Equal Weight with a price target of $9.50, down from $10.00. The firm expects earnings headwinds or concerns for individual assets to weigh on Sunstone’s share price more so than peers given its small portfolio, and tells investors in a research note that the company is “overexposed” to group demand vs. peers.
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 SHO:
- SUNSTONE HOTEL INVESTORS DECLARES FOURTH QUARTER DIVIDEND ON COMMON STOCK
- Sunstone Hotel declares Q4 dividend of 13c per share
- Sunstone Hotel sees Q4 adjusted FFO 14c-17c, consensus 20c
- Sunstone Hotel reports Q3 adjusted FFO 23c, consensus 20c
- SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2023