Hudson Raises PT on Host Hotels & Resorts to $16 (HST)
Hudson is out with its report today on Host Hotels & Resorts (NYSE: HST), raising its PT from $14 to $16.
In a note to clients, Hudson writes, "HST remains a rock-solid story — great assets, great balance sheet, great management. Trading at 13.3x 2012 EBITDA is just too rich for our blood. We think fair value is closer to $16 (up from our prior $14). Maintain Hold rating."
At the time of posting, shares of HST were trading at $19.24, up 1.96% from Tuesday's close.
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