J.P. Morgan Reaffirms Overweight And $17 Price Target On Orient-Express Hotels

In a report published by J.P. Morgan, Orient-Express Hotels OEH is reaffirmed at Overweight and $17 price target.

J.P. Morgan said that it held meetings with OEH's CFO Martin O'Grady over the last two days. “Following the meetings, we remain encouraged about the OEH story and believe it is one of the most compelling smid-cap ideas in our lodging coverage universe. Additionally, given OEH's low exposure to the Middle East/North Africa and Japan (~1% of its business is derived from each region), we believe the sell off in the name is unjustified and has created a good entry point for the stock (based on current estimates and valuation levels).”

Orient-Express Hotels closed yesterday at $11.82.