Strategic Hotels & Resorts (BEE) May Fetch Over $11/ Share
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Price: $14.22 --0%
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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ISI Group today maintained a Buy rating on Strategic Hotels & Resorts (NYSE: BEE) and raised its price target to $11.00 (from $9.75). Yesterday it was rumored that Strategic Hotels is seeking a sale.
Analyst Ian Weissman, citing talks with industry contacts, said he thinks private equity are likely buyers and not Host Hotels & Resorts (NYSE: HSI). He also said he thinks the company might be purchased for more than $11/ share.
Potential suitors include Carlyle, TPG, and Blackstone, thinks ISI.
For an analyst ratings summary and ratings history on Strategic Hotels & Resorts click here. For more ratings news on Strategic Hotels & Resorts click here.
Shares of Strategic Hotels & Resorts closed at $8.44 yesterday.
Analyst Ian Weissman, citing talks with industry contacts, said he thinks private equity are likely buyers and not Host Hotels & Resorts (NYSE: HSI). He also said he thinks the company might be purchased for more than $11/ share.
Potential suitors include Carlyle, TPG, and Blackstone, thinks ISI.
For an analyst ratings summary and ratings history on Strategic Hotels & Resorts click here. For more ratings news on Strategic Hotels & Resorts click here.
Shares of Strategic Hotels & Resorts closed at $8.44 yesterday.
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