Belmond Ltd. (BEL) Tops Q3 EPS by 3c; RevPAR Rose 12%
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Deutsche Bank Downgrades Belmond (BEL) to Hold
November 4, 2016 7:04 AM EDTDeutsche Bank downgraded Belmond (NYSE: BEL) from Buy to Hold with a price target of $13. Analyst Carlo Santarelli highlighted valuation and decelerating growth.
"Given valuation (12.0x 2017E EBITDA), slowing 2016 growth stemming from difficult comparisons and slowing RevPAR trends, and what we expect... More
