Wolfe Research Initiates Coverage On Summit Hotel Properties with Peer Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Keegan Carl has initiated coverage on Summit Hotel Properties (NYSE:INN) with a Peer Perform rating, indicating a neutral outlook on the company's stock performance relative to its peers.
January 10, 2024 | 10:35 am
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NEUTRAL IMPACT
Summit Hotel Properties receives a Peer Perform rating from Wolfe Research, suggesting a neutral stance on the stock's near-term performance.
The initiation of coverage by Wolfe Research with a Peer Perform rating typically suggests that the analyst believes the stock will perform in line with its peers. This neutral rating may not significantly move the stock price in the short term, as it does not imply an outperformance or underperformance compared to the market or sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100