- SunTrust boosts its price target on FelCor Lodging Trust (FCH) to $10 from $7.50 (shares closed Monday $8.08).
- "We see FCH as the “story stock” of the lodging REIT group, and it continues to execute on its “to-do list”, namely selling hotels and reducing debt, as well as re-instituting a common dividend. Our takeaways continue to be that while most if not all lodging stocks should continue to grind upward as the lodging upcycle rolls along, we believe FCH has more room to move the needle than do most peers."
$10 could be conservative if FelCor continues to execute
Jan 7 2014, 06:48 ET