Host Hotels & Resorts rises as BofA upgrades to 'buy', raises PT

Host Hotels & Resorts

08/01/2024 16:24

** Host Hotels & Resorts Inc's  HST.O  shares rise 2.4% to
$20.30
    ** BofA double upgrades the luxury hotel REIT's shares to
"buy" from "underperform" on company's attractive valuation
relative to the overall sector, growth potential and improved
capital allocation
    ** Brokerage also raises PT to $23 from $18 representing a
16% upside to the stock's last close
    ** Sixteen brokerages rate the stock "buy" or higher, five
"hold" and one "sell"; their median PT is $21 - LSEG
    ** In 2023, stock had risen ~23%

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))