HSBC Initiates Coverage On Host Hotels & Resorts with Buy Rating, Announces Price Target of $21
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Meredith Jensen has initiated coverage on Host Hotels & Resorts (NASDAQ:HST) with a Buy rating and a price target of $21.
October 23, 2023 | 10:35 am
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HSBC has initiated coverage on Host Hotels & Resorts with a Buy rating and a price target of $21, which could positively impact the stock in the short term.
The initiation of coverage by a major bank like HSBC usually draws attention to the stock. The Buy rating indicates that HSBC believes the stock will perform well in the future. The price target of $21 is also higher than the current trading price, which could lead to increased buying pressure and a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100