Hudson Securities Discusses Lodging Rates (HST)

Hudson Securities is out with a research report on Host Hotels & Resorts, Inc. HST and business travel and lodging. It has a Buy rating and a $16 price target on shares. In a note to clients, Hudson writes, "This morning's report has positive implications for the lodging industry as corporate consumer confidence is improving and business travel is picking up. Conventions get booked with large lead times, which helps hotel's manage their room inventory and provides better clarity of forward trends. The rise in convention booking is also a positive for Las Vegas, where convention demand equals 15%-20% of overall visitation to the market." Shares of HST are currently off 1 cent to $16.49, a negligible loss.