Jefferies Provides Color On Sunstone Hotel Investors (SHO)

Jefferies provided color on Sunstone Hotel Investors SHO in a research report published today. Jefferies has previously given Sunstone a Hold rating and $11 price target. In the report, Jefferies states, "SHO's management team is clearly focused on new acquisitions and a more disciplined strategy regarding the current portfolio. We expect SHO to continue growing through acquisitions in 2011 and RevPAR to accelerate to market levels as the portfolio stabilizes." Shares of Sunstone closed Thursday at $10.62, reflecting no change from Wednesday's market close.