Jefferies, the investment bank, has changed its projection for two hospitality-facing REITs, upgrading both to buy, as the vaccine news means people could be spending more time in hotels soon.
At the same time, Jefferies downgraded SHO, Sunstone Hotel Investors, to hold, and maintained HST, Host Hotels & Resorts, at buy, and HT, Hersha Hospitality Trus, at hold.
These are PK, Park Hotels & Resorts, and XHR, Xenia Hotels & Resorts.
In addition to upgrading PK and XHR to buy, Jefferies reconsidered its stance on SHO, Sunstone Hotel Investors, downgrading it to hold.
Two unchanged recommendations were for HST, Host Hotels & Resorts, at buy, and HT, Hersha Hospitality Trust, at hold.
Jefferies, SHO, Joe Biden's, XHR
Jefferies, Hotels, Resorts, Xenia Hotels, Memorial, Business, Investment, Hersha Hospitality