Update: Goldman Raising Price Target On Orient Express Hotels (OEH)

Goldman Sachs is raising its price target on shares of Orient Express Hotels Ltd. OEH to $13 from $12, and is keeping its Neutral rating on shares.

In a note to investors, Goldman writes, "Orient Express has exposure to luxury and super luxury hotel segments and we have become increasingly constructive on these segments given the improving trends. However, we remain concerned on the high
leverage of the company versus other lodging companies in our coverage. At the current stage of lodging up-cycle we prefer to own companies with more exposure to business travel than leisure travel. We continue to be Neutral rated on Orient Express."

Shares of OEH gained 29 cents yesterday to close at $12.30, a gain of 2.4%.