UPDATE: Bank of America Downgrades Host Hotels & Resorts from Buy to Neutral and Lowers PT from $20 to $17

Bank of America has published a report on Host Hotels & Resorts (NYSE: HST) downgrading the company and lowering its price target.

In the report, Bank of America wrote, "We believe best-in-class management and cont'd low interest rates are enough to maintain or preserve its premium relative to the group, but upside will remain more limited due to the combination of softer GDP, and Marriott and Washington DC exposures."

Bank of America downgraded Host Hotels & Resorts from Buy to Neutral with a price target lowered from $20 to $17. Host Hotels & Resorts closed Tuesday at $14.93.