UPDATE: Morgan Stanley Raises Target to $26 on LaSalle Hotel Properties

Morgan Stanley increases its price target $2 to $26 on Equal-weight-rated LaSalle Hotel Properties LHO, following model updates. Morgan Stanley notes, "We completed a regular model update for LHO and maintain our EW rating. Our 2012E EPS goes from $0.46 to $0.68 and our PT increases from $24 to $26." LHO closed at $29.04 a share yesterday.