Ashford boosted to Buy at Baird


Ashford Hospitality Trust (AHT +7.6%) continues a big move following the spinoff of Ashford Prime (AHP -0.1%), with an upgrade to Buy at Baird apparently today's catalyst. The price target is raised to $14 from $12. The stock is easily the leader in the hotel REIT space, ahead 25% YTD.

Kudos to SA Pro's Dane Bowler who last November called the spinoff a buying opportunity.

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Comments (1)
  • Philsen1
    , contributor
    Comments (3) | Send Message
     
    Get your numbers right. The new price target is $12, down from $14, with the latter referring to the historical pre-spin entity PT.
    19 Feb 2014, 05:52 PM Reply Like
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