Wells Fargo Maintains Underweight on Sunstone Hotel Invts, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Underweight rating on Sunstone Hotel Investors (NYSE:SHO) but increased the price target from $9.5 to $10.
December 22, 2023 | 1:51 pm
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Wells Fargo analyst Dori Kesten maintained an Underweight rating on Sunstone Hotel Investors but raised the price target to $10, indicating a potential downside risk but with a slightly more positive outlook.
The Underweight rating suggests that Wells Fargo believes SHO will underperform the market or its sector. However, the increase in the price target may reflect a slightly improved outlook on the company's valuation or future prospects. This could lead to mixed reactions in the short term, with the negative rating potentially outweighing the positive adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100