NEW YORK (TheStreet) --Extended Stay America Inc. was downgraded to "neutral' from "overweight" at JPMorgan on Monday. The firm said it lowered its rating on the company, which owns and operates branded hotels in North America, "following a period of restriction...given our lowered forecasts and what we see as a longer-term 'show me' story following [Extended Stay's] updated disclosures on 11/7/14 that its prior strategic initiatives are generating lower top line benefits, flow-through performance, and EBITDA growth, with management pivoting on a new strategy." JPMorgan has a $20 price target on Extended Stay America stock. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. STAY data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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