Analysts Get Bullish on Orient-Express (OEH) as Board Taps Talented CEO

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MKM Partners reiterated a Buy on Orient-Express Hotels Ltd. (NYSE: OEH) and raised its price target to $14.25 (from $11.00) after OEH rejected an offer from Indian Hotels. While share of Orient express are trading lower following the announcement, analysts have a positive take on a second announcement today naming a new CEO.

"The new CEO, John M. Scott III, has a strong track record, and we believe he will be a catalyst for improving returns at the company, building upon actions already initiated by the Board of Directors," said analyst Chris Agnew.

Agnew also thinks the offer by investors to purchase OEH underlines the opportunity to unlock value.

For an analyst ratings summary and ratings history on Orient-Express Hotels Ltd. click here. For more ratings news on Orient-Express Hotels Ltd. click here.

Shares of Orient-Express Hotels Ltd. closed at $11.89 yesterday, with a 52 week range of $6.16-$12.75.

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