UPDATE: Barclays Double Downgrades Sunstone Hotel Investors (SHO) to Underweight

Barclays analyst Anthony Powell downgraded Sunstone Hotel Investors (NYSE: SHO) from Overweight to Underweight with a price target of $11.00 (from $15.00).

The analyst comments "company has sold assets, and there is uncertainty regarding ultimate portfolio composition; in the mean time, SHO has exposure to big box hotels in some markets that may underperform in the near term, and the ramp of newly acquired wine country hotel could take time. Given the uncertainty, we are Underweight for now."

For an analyst ratings summary and ratings history on Sunstone Hotel Investors click here. For more ratings news on Sunstone Hotel Investors click here.

Shares of Sunstone Hotel Investors closed at $10.58 yesterday.

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