Goldman Sachs Downgrades LaSalle Hotel Properties (LHO) to Neutral

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Goldman Sachs downgraded LaSalle Hotel Properties (NYSE: LHO) from Buy to Neutral with a price target of $29.50 (from $32.50).

The firm comments, "We have removed shares of LaSalle from the Buy list and downgraded them to Neutral after YTD outperformance and as adjustments to our model imply more upside elsewhere in our coverage."

For an analyst ratings summary and ratings history on LaSalle Hotel Properties click here. For more ratings news on LaSalle Hotel Properties click here.

Shares of LaSalle Hotel Properties closed at $26.82 yesterday, with a 52 week range of $15.17-$30.46.

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