A wave of analysts start coverage on Extended Stay America

JPMorgan initiates coverage on Extended Stay America (STAY) with an Overweight rating. The investment firm sets a $29 price target on shares.

Other firms take a more cautious stance on the hotel operator. Stifel Nicolaus, Robert W. Baird, and Goldman Sachs all start off at either Neutral or Hold.

STAY +0.1% premarket.

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