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>Nov. 20, 2006, 1:58PM >Host Hotels Hits a New High > > >© 2006 The Associated Press > >TOOLS >Email Get section feed >Print Subscribe NOW >NEW YORK — Shares of Host Hotels & Resorts Inc. jumped >to a new 52-week high on Monday as an analyst said the >nation's largest hotel real estate investment trust is >no longer too big for a possible acquisition. > >The company's stock surged 85 cents, or 3.5 percent, >to $24.80 in afternoon trading on the New York Stock >Exchange, down from a new high of $25.41 earlier in >the session. > >UBS analyst William B. Truelove said in a client note >that Host has some of the best lodging real estate >assets and lodging fundamentals continue to be strong. > >"We now believe anything is possible and perhaps a >permanent valuation shift higher might now be more >appropriate," he wrote. > >Truelove raised his price target by $2 to $29.
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