XHR - Xenia Hotels upgraded to Outperform at BMO on setup for faster recovery

BMO analyst Ari Klein upgrades Xenia Hotels & Resorts (XHR) to Outperform from Market Perform as its Sunbelt-focused, top 25-market strategy sets it up for a faster recovery than its full-service peers."Like peers, XHR should also benefit rom higher long-term margins and is relatively well-positioned in an inflationary environment," Klein writes in a note to clients.XHR's total return over the past 12 months outpaces that of peers DRH, SVC, and SHO, as well as the S&P 500 as seen in chart below.SA contributor Jaulian Financial, however, already sees the "back-to-normal" story priced in to XHR's stock.

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Xenia Hotels upgraded to Outperform at BMO on setup for faster recovery