Jefferies is out with a cautious note on the hotel space due to the recent market volatility. The firm ratchets down estimates and downgrades five companies: LaSalle Hotel Properties (LHO -1%), Host Hotels (HST -1.9%), Gaylord Entertainment (GET +0.8%) and Starwood Hotels & Resorts (HOT -1.7%) are all cut to hold, and Orient-Express (OEH -5.7%) is reduced to underperform.
Jefferies is out with a cautious note on the hotel space due to the recent market volatility....
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