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