Janney Montgomery Scott Starts Chesapeake Lodging Trust (CHSP) at Neutral

Janney Montgomery Scott initiates coverage on Chesapeake Lodging Trust (NYSE: CHSP) with a Neutral rating and a $26 fair value target.

Analyst Brian McGill commented, "We are initiating coverage of Chesapeake Lodging Trust (CHSP) with a NEUTRAL rating. We generally think CHSP will be negatively impacted by a variety of industry factors. That said, the stock has recently bounced due to anticipation of asset sales and better than expected West Coast RevPAR. This could continue in the near term given sentiment is still fairly negative. Our FV is $26, which is 12x our 2016 EBITDA."

For an analyst ratings summary and ratings history on Chesapeake Lodging Trust click here. For more ratings news on Chesapeake Lodging Trust click here.

Shares of Chesapeake Lodging Trust closed at $25.84 yesterday.

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