Deutsche Bank Initiates Coverage on 7 Companies Within Lodging Industry, Top Picks (HOT),(WYN),(H),(OEH)
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Price: $77.05 --0%
Rating Summary:
10 Buy, 19 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
10 Buy, 19 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Deutsche Bank is initiating coverage on 7 companies within the lodging industry.
The firm has low expectations for the lodging industry over 2012 and 2013 due to the macro concern in the economy. Deutsche does note that the 25 percent pull back in shares year to date does factor in these concerns. As a result, the recommend owning lodging stocks with international exposure, a unique position within the domestic industry, and those with a company specific story.
An analyst at Deutsche comments, "we favor companies with desirable brands in emerging markets and outsized international growth pipelines," but states that, "Our analysis leads us to the conclusion that 2012 may well be a bumpy year for domestic lodging fundamentals. However, given our view that current valuations in the sector reflect a less optimistic outlook for 2012 RevPAR performance than our current forecast, we believe long opportunities exist."
Deutsche Bank is initiating coverage on shares of Starwood Hotels (NYSE: HOT) with a Buy rating and $58 price target.
Deutsche Bank is initiating coverage on shares of Wyndham Worlwide (NYSE: WYN) with a Buy rating and $41 price target.
Deutsche Bank is initiating coverage on shares of Orient-Express Hotels (NYSE: OEH) with a Buy rating and $11 price target.
Deutsche Bank is initiating coverage on shares of Hyatt Hotels (NYSE: H) with a Buy rating and $44 price target.
Deutsche Bank is initiating coverage on shares of Choice Hotels (NYSE: CHH) with a Hold rating and $31 price target.
Deutsche Bank is initiating coverage on shares of Gaylord Entertainment (NYSE: GET) with a Hold rating and $26 price target.
Deutsche Bank is initiating coverage on shares of Host Hotels & Resorts (NYSE: HST) with a Hold rating and $13 price target.
The firm has low expectations for the lodging industry over 2012 and 2013 due to the macro concern in the economy. Deutsche does note that the 25 percent pull back in shares year to date does factor in these concerns. As a result, the recommend owning lodging stocks with international exposure, a unique position within the domestic industry, and those with a company specific story.
An analyst at Deutsche comments, "we favor companies with desirable brands in emerging markets and outsized international growth pipelines," but states that, "Our analysis leads us to the conclusion that 2012 may well be a bumpy year for domestic lodging fundamentals. However, given our view that current valuations in the sector reflect a less optimistic outlook for 2012 RevPAR performance than our current forecast, we believe long opportunities exist."
Deutsche Bank is initiating coverage on shares of Starwood Hotels (NYSE: HOT) with a Buy rating and $58 price target.
Deutsche Bank is initiating coverage on shares of Wyndham Worlwide (NYSE: WYN) with a Buy rating and $41 price target.
Deutsche Bank is initiating coverage on shares of Orient-Express Hotels (NYSE: OEH) with a Buy rating and $11 price target.
Deutsche Bank is initiating coverage on shares of Hyatt Hotels (NYSE: H) with a Buy rating and $44 price target.
Deutsche Bank is initiating coverage on shares of Choice Hotels (NYSE: CHH) with a Hold rating and $31 price target.
Deutsche Bank is initiating coverage on shares of Gaylord Entertainment (NYSE: GET) with a Hold rating and $26 price target.
Deutsche Bank is initiating coverage on shares of Host Hotels & Resorts (NYSE: HST) with a Hold rating and $13 price target.
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