MLV Maintains Hold On Shares Of Ashford Hospitality Prime, $18 PT
MLV analyst Ryan Meliker maintained a Hold rating on Ashford Hospitality Prime (NYSE:AHP) with a price target of $18, which represents a slight upside potential from current levels.
Meliker wrote, “While the stock is up almost 10% this week on the announced share repurchase authorization, we believe investors will focus on robust top-line growth regarding this print, which should continue to lead shares higher. However, we highlight that just 9 months ago, management sold shares at $16.50, indicating that at current levels they are less likely to use the share”.
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ryan Meliker has a total average return of 12.6% and a 79.2% success rate. Meliker is ranked #556 out of 3354 analysts.