UPDATE: MKM Partners Upgrades Orient-Express Hotels Ltd. (OEH) to Buy Ahead of Q2 Report; Unlocking Value

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(Updated - July 18, 2012 11:02 AM EDT)

MKM Partners upgraded Orient-Express Hotels Ltd. (NYSE: OEH) from Neutral to Buy. PT raised from $8 to $11.

Analyst, Chris Agnew, said, "We upgrade to Buy ahead of the quarter as we believe the stock now reflects any risk to full year estimates and we see several potential catalysts ahead, which we believe will unlock value in a relatively unique collection of high quality assets that have underperformed to-date."

Agnew's Q2 EPS estimate is $0.12, 1 cent below consensus. FY12 EPS estimate is $0.11, below consensus of $0.14.

MKM has a Buy on Marriott (NYSE: MAR), Wyndham (NYSE: WYN), and Marriott Vacations (NYSE: VAC). Neutral rating on Hyatt (NYSE: H), Starwood (NYSE: HOT), Choice (NYSE: CHH) and Morgans Hotel Group (NYSE: MHGC)
For an analyst ratings summary and ratings history on Orient-Express Hotels Ltd. click here. For more ratings news on Orient-Express Hotels Ltd. click here.

Shares of Orient-Express Hotels Ltd. closed at $8.47 yesterday, with a 52 week range of $6.02-$11.10.

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