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Baird Downgrades FelCor, LaSalle, Strategic Hotels to Underperform (FCH, LHO, BEE)

October 21, 2009 8:41 AM EDT
FCH Hot Sheet
Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 16 | New: 82
An analyst at Baird has downgraded several stocks in the Real Estate Operations group this morning, each from Neutral to the dreaded Underperform:
  • FelCor Lodging Trust (NYSE: FCH), with a $2 price target
  • LaSalle Hotel Properties (NYSE: LHO), raises price target from $13 to $16
  • Strategic Hotels & Resorts (NYSE: BEE), with a $1 price target

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Robert W Baird, Life, Style and Real Estate

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