Jefferies Underperform On Hersha Hospitality Trust (HT)

Jefferies & Co. has an Underperform rating and a $5 price target on shares of Hersha Hospitality Trust HT. In a note to clients, Jefferies writes, "HT reported a stronger than expected quarter with margin and ADR performance better than expected driven by the NYC portfolio. While we believe limited service will continue to lag the industry overall, the strength of NY outperformed the segment exposure for HT." Shares of HT lost 1 cent on Friday to close at $6.23.