Wells Fargo Upgrades Xenia Hotels & Resorts to Overweight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded Xenia Hotels & Resorts (NYSE:XHR) from Equal-Weight to Overweight, while lowering the price target from $16 to $15.
September 13, 2024 | 2:09 pm
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Wells Fargo has upgraded Xenia Hotels & Resorts to Overweight, indicating a positive outlook, but has lowered the price target to $15, suggesting some caution.
The upgrade to Overweight suggests that Wells Fargo sees potential for Xenia Hotels & Resorts to outperform its peers, which is a positive signal for investors. However, the lowered price target from $16 to $15 indicates some caution regarding the stock's potential upside. Overall, the upgrade is likely to have a positive short-term impact on the stock price, but the lowered price target may temper expectations.
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