Extended Stay started a Buy at Deutsche

"A somewhat limited public float notwithstanding, we believe STAY can (and should) be widely owned by lodging investors seeking differentiation in a group that is increasingly homogenous to two models: brand managers and Luxury/Upper Upscale-focused hotel REITs," says analyst Chris Woronka starting at a Buy with $30 price target..

"We also believe it fits into broader consumer-centric growth and/or GARP type portfolios given reasonably attractive valuation against other growth names in retail and restaurants. STAY provides investors with the added 'juice' of above-trend EBITDA growth and a solid dividend."

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