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Baird Downgrades Red Lion Hotels (RLH) to Underperform, Buyout Unlikely

July 2, 2012 6:43 AM EDT
Get Alerts RLH Hot Sheet
Price: $3.49 --0%

Rating Summary:
    1 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Baird downgraded Red Lion Hotels (NYSE: RLH) from Neutral to Underperform with a price target of $7.00, saying a buyout is unlikely near-term although speculation of a deal has been reflected in the price.

For an analyst ratings summary and ratings history on Red Lion Hotels click here. For more ratings news on Red Lion Hotels click here.

Shares of Red Lion Hotels closed at $8.65 yesterday.


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Robert W Baird