UPDATE: Wells Fargo Securities Downgrades Host Hotels and Resorts on Multiple Negative Factors
October 28, 2013 at 10:27 AM EDT
In a report published Monday, Wells Fargo Securities analyst Jeffrey J. Donnelly downgraded the rating on Host Hotels and Resorts (NYSE: HST ) from Outperform to Market Perform. In the report, Wells Fargo Securities noted, “Downgrading rating to Market Perform from Outperform based upon a combination of factors that we