Lasalle Hotel (LHO) NewsBite - LHO Downgraded By Robert W. Baird

Posted: Wednesday, October 21, 2009 10:05 AM EDT

Lasalle Hotel (LHO) was downgraded today by analysts at Robert W. Baird and the stock is now at $19.51, down $0.77 (-3.8%) on volume of 164,017 shares traded. The analysts reduced LHO to Underperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $3.57 to a high of $21.45. Lasalle Hotel stock has been showing support around $19.38 and resistance in the $21.74 range. Technical indicators for the stock are bearish and S&P gives LHO a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on LHO the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (LHO)