BHR - Braemar Hotels upgraded to Buy at B. Riley on spiking demand for resort hotels

B. Riley analyst Bryan Maher upgrades Braemar Hotels & Resorts ([[BHR]] +1.2%) to Buy from Neutral after the REIT released "robust" preliminary Q1 results.As travel ramps up with vaccination, Maher sees BHR most likely benefiting this year with its eight luxury results.Says demand for non-urban luxury and resort hotels as consumers "look to get out of the house," Maher writes.Contrasts with Neutral Quant ratings, which assigns poor grades in growth and profitability, but aligns with average Wall Street analyst rating of Bullish (2 Very Bullish, 2 Neutral).

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Braemar Hotels upgraded to Buy at B. Riley on spiking demand for resort hotels