B. Riley analyst Bryan Maher lowered the firm’s price target on Xenia Hotels to $16 from $19 and keeps a Buy rating on the shares. The company missed Q2 expectations due to a combination of softer leisure demand and weaker margins on a very tough comparable, the analyst tells investors in a research note.
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Read More on XHR:
- Xenia Hotels raises FY23 AFFO view to $1.42-$1.60 from $1.39-$1.60
- Xenia Hotels reports Q2 AFFO 47c, consensus 47c
- XENIA HOTELS & RESORTS REPORTS SECOND QUARTER 2023 RESULTS
- Xenia Hotels price target raised to $14 from $13.50 at Wells Fargo
- Xenia Hotels price target lowered to $11 from $12 at Morgan Stanley
