Will Reopening Trigger a final Break for AHT?
I know the reopening trade idea is in play right now but how strong is the sentiment? We still need stimulus to come out, more vaccines, more everything. So where does AAHT go from here? Fibs look interesting too.AAHT
Aside from the industry sentiment, Ashford has been fundamentally making strides in preparation for a hopefully bullish return to the market. This included exchanging some of its preferred shares for common stock. We’ve also seen analysts take a more bullish stance on AHT. Most recently, B. Riley adjusted its price target on the penny stock. In this case it bumped the previous $2.50 target to $3 and currently maintains a Neutral rating on the company.
Let's see if travel picks up this year. If that happens, I can't think hotel operators will stay suppressed.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
Aside from the industry sentiment, Ashford has been fundamentally making strides in preparation for a hopefully bullish return to the market. This included exchanging some of its preferred shares for common stock. We’ve also seen analysts take a more bullish stance on AHT. Most recently, B. Riley adjusted its price target on the penny stock. In this case it bumped the previous $2.50 target to $3 and currently maintains a Neutral rating on the company.
Let's see if travel picks up this year. If that happens, I can't think hotel operators will stay suppressed.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
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