RE: Nice Pop/$5.25 targetNice Pop indeed. Charts show positive Money Flow and Relative Strength divergence.
Mario Saric from Scotia Capital rate INN as Outperform with $5.25 target price.
"Positive view centered on cheap valuation and good distribution support. With
the distribution cut behind us, we believe improving quarterly results should
drive multiple expansion; a sustainable distribution yield should provide
good downside support.
Maintain 1-SO rating; one-year target reduced to $5.25. INN remains cheap inour view, with 10% relative upside on a risk-adjusted basis before we become
more cautious on our call.