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BHR - Braemar Hotels & Resorts: Risky Play But Upside Could Be Substantial
Braemar Hotels & Resorts Inc.
Braemar Hotels & Resorts is inherently more risky than pure hotel stocks given their status as a hotel REIT.
However, should demand for business travel and in-person group events rebound quicker than expected, I anticipate potentially significant upside for the company.
Assuming 20% earnings growth per year, I calculate a target price of $13 for the stock.