Morgan Stanley has revised its price target for Sunstone Hotel (SHO, Financial), decreasing it to $7 from a previous $9. The investment firm maintains an Underweight rating on the company's shares. This adjustment is part of a broader update by Morgan Stanley, which includes lowering estimates for the lodging and timeshare sectors.
The revisions are based on indicators showing a decline in demand within these industries. As a result, the firm has also adjusted its market multiples accordingly. This move reflects ongoing challenges facing the hospitality sector, prompting caution among investors considering stocks like Sunstone Hotel.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Sunstone Hotel Investors Inc (SHO, Financial) is $10.45 with a high estimate of $12.00 and a low estimate of $8.00. The average target implies an upside of 27.49% from the current price of $8.20. More detailed estimate data can be found on the Sunstone Hotel Investors Inc (SHO) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Sunstone Hotel Investors Inc's (SHO, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sunstone Hotel Investors Inc (SHO, Financial) in one year is $11.36, suggesting a upside of 38.54% from the current price of $8.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sunstone Hotel Investors Inc (SHO) Summary page.
