Sunstone Hotel (SHO) Shares Soar 11.66% After Hitting 2020 Low

Sunstone Hotel (SHO) shares surged by 11.66%, marking a significant rebound after hitting its lowest level since November 2020, with an intraday decline of 3.50%.

Jefferies recently adjusted its price target for Sunstone Hotel (SHO), lowering it from $12 to $8 while maintaining a Hold rating. This adjustment was attributed to macroeconomic and market factors, which have influenced investor sentiment and stock performance.

Sunstone Hotel Investors, Inc. experienced a notable decline, with shares hitting a new 52-week low during trading, reaching as low as $8.67. This drop reflects broader market trends and investor concerns about the company's future prospects.

On April 9, 2025, Argus also revised its target price for Sunstone Hotel Investors (SHO), lowering it to $8.00. The current price at the time of the adjustment was $8.62, indicating a bearish outlook from analysts.