Goldman Sachs Lowers Price Target On FelCor to $7.10

According to Goldman Sachs, FelCor Lodging Trust (NYSE: FCH) price target is lowered to $7.10.

Goldman Sachs said that it is lowering its 12-month price target to $7.10 from $8.25 due to lower multiples (12X EBITDA and 11X FFO on 2012E, from 13X and 13X respectively). “We are lowering our multiples due to increased risk given increased economic uncertainty.”

FelCor Lodging Trust closed on Friday at $5.20.