UPDATE: Bank of America Upgrades Strategic Hotels and Resorts on Highest Quality Portfolio
January 13, 2014 at 08:45 AM EST
In a report published Monday, Bank of America Merrill Lynch analyst Andrew Didora upgraded Strategic Hotels and Resorts, Inc. (NYSE: BEE ) to Buy from Underperform, raising its price objective to $11.50 from $8.00. According to the report, it is believed that BEE has the highest quality portfolio in