Baird Maintains Neutral on Braemar Hotels & Resorts, Lowers Price Target to $2
Baird analyst Michael Bellisario maintains Braemar Hotels & Resorts (NYSE:BHR) with a Neutral and lowers the price target from $2.5 to $2.
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Braemar Hotels & Resorts Expects Over $25M In Annual Cost Savings From Self-management, From Favorable Forward Demand Trends; Expects Annual Corporate Expenses To Decrease From $42M To $15M; Guides 2027 Adj. FFO Per Diluted Share Of $0.25-$0.31; 2027 Diluted EPS Under GAAP $(0.50) - $(0.43); 2027 RevPAR Growth +4.5% To +6.5%; 2027 Total Revenues $407M-$412M
Financial OutlookThe Company is providing one-time financial guidance so that shareholders can more fully understand the future of Braemar on a pro forma basis as it undergoes its transition.The Company’s full-year 2027
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