Morgan Stanley Maintains Underweight on Xenia Hotels & Resorts, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Trent maintains an Underweight rating on Xenia Hotels & Resorts (NYSE:XHR) and lowers the price target from $12 to $11.
June 27, 2023 | 12:49 pm
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Morgan Stanley maintains an Underweight rating on Xenia Hotels & Resorts and lowers the price target from $12 to $11.
Morgan Stanley's lowered price target for Xenia Hotels & Resorts indicates a bearish outlook on the stock. The Underweight rating suggests that the analyst believes the stock will underperform compared to other stocks in the sector. This news may negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100