UBS Lowers PT, RevPAR for Ashford Hospitality Trust (AHT)

UBS analyst Robin Farley reiterated a Sell rating and lowered its RevPAR outlook and its price target on Ashford Hospitality Trust (NYSE: AHT) to $4.50 (from $6.50).

Farley commented, "We are lowering our forecast for U.S. RevPAR growth for the lodging sector in ’16 to +3.3%, down from +5.6% previously, driven by changes in UBS macro estimates that drive our analysis of macro-economic outputs (UBS macro ’16 GDP forecast lowered today to +1.5% from +2.8%)."

For an analyst ratings summary and ratings history on Ashford Hospitality Trust click here. For more ratings news on Ashford Hospitality Trust click here.

Shares of Ashford Hospitality Trust closed at $5.29 yesterday.

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