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Stock Market & Financial Investment News

News Breaks
August 18, 2014
07:00 EDTSTAYExtended Stay America resumed with an Overweight at JPMorgan
JPMorgan resumed shares of Extended Stay America with an Overweight rating, calling the stock an "interesting contrarian idea" in the lodging space. The firm believes expectations are low with easy comparisons in Q4 and Q1. JPMorgan lowered its price target for shares to $27 from $28.
News For STAY From The Last 14 Days
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July 30, 2015
07:22 EDTSTAYExtended Stay America sees 2015 revenue $1.28B-$1.295B, consensus $1.29B
Sees 2015 net income $171M-$192M.
07:21 EDTSTAYExtended Stay America reports Q2 adjusted EPS 33c, consensus 28c
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July 21, 2015
16:43 EDTSTAYExtended Stay America CEO Donald to depart, Lopez appointed CEO
The boards of directors of Extended Stay America (STAY) and its paired-share REIT ESH Hospitality announced that they have appointed Gerardo Lopez to serve as the next president and CEO of both companies, effective August 24. Concurrently with the appointment of Lopez, the company’s current president and CEO, Jim Donald, will transition to the role of senior advisor through December 31. Lopez most recently has been the president and CEO of AMC Entertainment (AMC) since 2009.
10:01 EDTSTAYOn The Fly: Analyst Downgrade Summary
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07:09 EDTSTAYExtended Stay America downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill downgraded Extended Stay America two notches to Underperform from Buy and lowered its price target to $20 from $23. The firm's analyst said the company faces difficult Q2/Q3 comps with industry RevPAR decelerating and has low visibility.

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