Hudson Securities has a Hold rating and is raising its price target on shares of Host Hotels & Resorts, Inc. HST to $16, from $14.
In a note to clients, Hudson writes, "HST reported adjusted 4Q10 FFO per share of $0.28, which was in-line with our estimate, and a penny above the Street. Management provided 2011 guidance that was below consensus for FFO per share and in-line for
EBITDA. The company has been very active from an acquisition standpoint and announced it was purchasing the New York Helmsley, the Grand Hyatt in San Diego, and 7 hotel properties in New Zealand."
Shares of HST are up 13 cents in pre-market trading to $19.00, a gain of 0.69%.
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