Merrill Lynch Upgrades Orient-Express Hotels (OEH) to Neutral

August 15, 2008 7:28 AM EDT

Merrill Lynch upgrades Orient-Express Hotels (NYSE: OEH) from Sell to Neutral with a $36 price target, citing valuation after recent decline.

The firm said the company's demographically diversified portfolio of luxury hotels and exposure to affluent clients should somewhat mitigate the impacts of a slowing economy.


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