Deutsche Bank starts off coverage on Playa Hotels & Resorts (PLYA +0.8%) with a Buy rating.
The investment firm sets a price target of $14 on the resort operator. Nomura is the only other major house with a rating out on Playa (Buy, $13 PT).
Playa has traded in a range of $9.45 to $12.00 since debuting on the market last month. The company is due to report earnings on May 8.