Raymond James Maintains Outperform Rating for Host Hotels & Resorts: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for Host Hotels & Resorts (NASDAQ:HST) and increased its price target from $19.00 to $23.00. Despite a slight decrease in share price over the last 24 hours, the new target suggests a potential 11.7% increase. Host Hotels & Resorts, owning 77 luxury properties in the US, has recently divested from ventures in Europe and Asia.
March 15, 2024 | 5:00 pm
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Raymond James reaffirms Outperform rating for HST, raising price target to $23, indicating a potential 11.7% upside from current levels.
The maintenance of an Outperform rating combined with a raised price target by a reputable analyst firm like Raymond James typically signals confidence in the company's future performance. This could lead to increased investor interest and potentially drive the stock price up in the short term, especially given the specific mention of a 11.7% upside potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100