Oppenheimer Maintains Outperform Rating for Braemar Hotels & Resorts: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of Braemar Hotels & Resorts BHR and lower its price target from $6.00 to $5.00.

Shares of Braemar Hotels & Resorts are trading down 3.89% over the last 24 hours, at $3.92 per share.

A move to $5.00 would account for a 27.51% increase from the current share price.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts Inc is a real estate investment trust company that invests in high revenue per available room, or RevPAR, luxury, upper-upscale and upscale hotels in gateway and resort locations. The firm operates in various U.S. states such as California, Texas, Washington, Philadelphia, Florida, and Illinois as well as Washington, D.C. and St. Thomas, U.S. Virgin Islands. The company operates through its direct hotel investment segment. Its revenue streams include rooms, food and beverage, and other. The firm's hotels operate under various brands, such as Marriott, Hilton, Courtyard, and Renaissance, among others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.