Jefferies Maintains a 'Hold' on Host Hotels (HST); No Impact From Economic Turmoil Yet But Visibility Remains Limited
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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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Jefferies maintains a 'Hold' on Host Hotels (NYSE: HST) price target of $11.00.
Jefferies analyst says, "The modest miss for 3Q and reduced 2011 EBITDA outlook are consistent with our expectation of an uncertain operating and transaction environment. We believe the delay in the Grand Hyatt DC demonstrates the uncertain financing and operating environment. We view the release as echoing comments from other management teams that there has been no impact from the economic challenges; however we suggest a lagged impact is likely."
"For 2011, we lower our EBITDA est. to $1,020M from $1,065M, while our 2012 est. goes to $1,128M from $1,130M."
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 $11.84 yesterday.
Jefferies analyst says, "The modest miss for 3Q and reduced 2011 EBITDA outlook are consistent with our expectation of an uncertain operating and transaction environment. We believe the delay in the Grand Hyatt DC demonstrates the uncertain financing and operating environment. We view the release as echoing comments from other management teams that there has been no impact from the economic challenges; however we suggest a lagged impact is likely."
"For 2011, we lower our EBITDA est. to $1,020M from $1,065M, while our 2012 est. goes to $1,128M from $1,130M."
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 $11.84 yesterday.
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