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UBS has lowered its price target for Host Hotels & Resorts to $18 from $19, maintaining a Neutral rating due to reduced 2025 EBITDA estimates, now projected at $1,613 million. The company faces challenges in Hawaii, including a $75 million EBITDA impact from the Maui wildfires, and is contemplating selling over 10 properties. Despite a 10% drop in Q3 adjusted EBITDA, Host Hotels anticipates a 1% growth in RevPAR for the year and has bolstered liquidity with a $700 million senior notes issuance.
UBS has lowered its price target for Host Hotels & Resorts to $18 from $19, maintaining a Neutral rating due to revised 2025 EBITDA estimates of $1.613 billion, down from $1.698 billion. The company faces challenges in Hawaii, including a projected $75 million EBITDA loss from the Maui wildfires, with no expected growth in the region for 2025. Additionally, Host Hotels is considering selling over 10 properties and reported a 10% decrease in adjusted EBITDAre for Q3, despite a 3.1% increase in RevPAR.
Jim Risoleo
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ubs lowers host hotels price target amid hawaii operational challenges
16:56 28.01.2025
ubs lowers host hotels price target amid hawaii operational challenges
16:54 28.01.2025
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