JP Morgan Upgrades Sunstone Hotel Invts to Neutral, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff upgraded Sunstone Hotel Investors (NYSE:SHO) from Underweight to Neutral and increased the price target from $9 to $10. This reflects a more favorable outlook on the company's stock.
December 14, 2023 | 10:17 am
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Sunstone Hotel Investors was upgraded by JP Morgan from Underweight to Neutral, with a price target increase from $9 to $10, indicating a more positive view on the stock's future performance.
Upgrades by major financial institutions like JP Morgan typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or market conditions for the company. The increase in price target further supports this positive sentiment.
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