MLV & Co Starts Stock Coverage on Summit Hotel Properties (INN)

By admin | 6 years ago

Equities researchers at MLV & Co began coverage on shares of Summit Hotel Properties (NYSE: INN) in a report issued on Wednesday. The firm set a “buy” rating and a $10.00 price target on the stock.

Shares of Summit Hotel Properties opened at 7.95 on Wednesday. Summit Hotel Properties has a one year low of $6.16 and a one year high of $11.63. The company’s market cap is $242.8 million.

INN has been the subject of a number of other recent research reports. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Summit Hotel Properties to $9.50 in a research note to investors on Thursday, May 17th. Analysts at RBC Capital (NYSE: RY) downgraded shares of Summit Hotel Properties from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, March 5th.

Summit Hotel Properties, Inc. (Summit Hotel) is a hotel investment company. The majority of the Company’s hotels operate under premium franchise brands owned by Marriott International, Inc.

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