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Downgrade Alert for Host Hotels & Resorts (HST)

By David Diaz

Host Hotels & Resorts (NYSE:HST) was downgraded from Neutral to Underweight at JP Morgan today. The stock closed yesterday at $16.48 on volume of 15.2 million shares, above average daily volume of 9.9 million.

Host Hotels & Resorts Inc. is a real estate trust. The trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, The Netherlands and the United Kingdom.

In the past 52 weeks, shares of Host Hotels & Resorts have traded between a low of $12.17 and a high of $21.40 and closed yesterday at $16.48, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

Potential upside of 18.3% exists for Host Hotels & Resorts, based on a current level of $16.48 and analysts' average consensus price target of $19.50. Host Hotels & Resorts shares have support at the 200-day moving average (MA) of $16.41 and additional support at the 50-day MA of $16.05.

SmarTrend is tracking the current trend status for Host Hotels & Resorts and will alert subscribers who have HST in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Host Hotels & Resorts

Ticker(s): HST