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Downgrade Alert for Sunstone Hotel Investors (SHO)

By James Quinn

Sunstone Hotel Investors (NYSE:SHO) was downgraded from Equal Weight to Underweight at Morgan Stanley today. The stock closed yesterday at $12.60 on volume of 3.3 million shares, above average daily volume of 2.0 million.

In the past 52 weeks, shares of Sunstone Hotel Investors have traded between a low of $9.53 and a high of $16.15 and closed yesterday at $12.60, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.5%.

Potential upside of 30.6% exists for Sunstone Hotel Investors, based on a current level of $12.60 and analysts' average consensus price target of $16.45. The stock should run into initial resistance at its 50-day moving average (MA) of $13.29 and subsequent resistance at its 200-day MA of $13.44.

Sunstone Hotel Investors, Inc. is a hospitality and lodging real estate investment trust that owns primarily upper scale and upscale hotels in the United States. The Company's hotels are operated under brand names franchised or licensed from others, such as Marriott, Hilton, InterContinental, Hyatt, Starwood, Carlson, and Wyndham.

SmarTrend is tracking the current trend status for Sunstone Hotel Investors and will alert subscribers who have SHO in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades sunstone hotel investors

Ticker(s): SHO