Nomura Securities Maintains a 'Neutral' on Host Hotels (HST); Loweringf Numbers
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Price: $22.90 +0.66%
Rating Summary:
17 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Host Hotels (NYSE: HST), PT lowered from $18 to $17.
Nomura analyst, Harry Curtis, says, "We are moderately reducing our price target to $17 as well as our 2011 EPS to $0.93 from $1.00 and 2012 EPS to $1.20 from $1.32. It’s counter intuitive, but 2H11 RevPAR should be higher than 1H11. We expect HST EBITDA to be lifted by non-comp hotel outperformance and higher cash flow from renovated hotels. HST has less exposure to weaker regions (such as D.C. area and weakest international markets) than Marriott (NYSE: MAR). We expect San Francisco, Hawaii, Tampa, Miami, and Ft. Lauderdale to continue to outperform, while NYC and Philly should outperform in 2H once renovations are completed in 3Q."
For more ratings news on Host Hotels click here and for the rating history of Host Hotels click here.
Shares of Host Hotels closed at $16.94 yesterday.
Nomura analyst, Harry Curtis, says, "We are moderately reducing our price target to $17 as well as our 2011 EPS to $0.93 from $1.00 and 2012 EPS to $1.20 from $1.32. It’s counter intuitive, but 2H11 RevPAR should be higher than 1H11. We expect HST EBITDA to be lifted by non-comp hotel outperformance and higher cash flow from renovated hotels. HST has less exposure to weaker regions (such as D.C. area and weakest international markets) than Marriott (NYSE: MAR). We expect San Francisco, Hawaii, Tampa, Miami, and Ft. Lauderdale to continue to outperform, while NYC and Philly should outperform in 2H once renovations are completed in 3Q."
For more ratings news on Host Hotels click here and for the rating history of Host Hotels click here.
Shares of Host Hotels closed at $16.94 yesterday.
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