Morgan Stanley Maintains Underweight on Xenia Hotels & Resorts, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Trent has maintained an 'Underweight' rating on Xenia Hotels & Resorts (NYSE:XHR) and raised the price target from $10 to $11.
November 07, 2023 | 2:15 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Xenia Hotels & Resorts and raised the price target from $10 to $11.
The news is directly about Xenia Hotels & Resorts. The 'Underweight' rating suggests that Morgan Stanley expects the stock to underperform the market or its sector in the short term. However, the increase in price target from $10 to $11 indicates a slightly positive outlook. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100