Here's Why Ashford Hospitality Trust Was Soaring on Friday
The stock market was hovering near the flatline on Friday, but hotel real estate investment trust Ashford Hospitality Trust (NYSE: AHT) was a major standout. As of 2:45 p.m. EDT, Ashford's stock was higher by a staggering 33%.
The immediate reason for today's pop appears to be a huge analyst upgrade of the stock. Deutsche Bank raised its price target on Ashford to $15 per share, which is about twice the stock's current price, even after today's rally.
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Source Fool.com
