Xenia Hotels price target raised to $14 from $13.50 at Wells Fargo

Wells Fargo analyst Dori Kesten raised the firm’s price target on Xenia Hotels to $14 from $13.50 and keeps an Equal Weight rating on the shares. The firm’s revised lodging models now reflect its economic outlook for a recession in 1H24, which results in limited EBITDA growth in 2024 over 2023, the analyst tells investors in a research note.