Ari Klein Maintains Hold on Apple Hospitality REIT, Lifts Price Target to $13 Amid Improved Outlook and Macro Risks

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2026.05.04 23:35
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Analyst Ari Klein from BMO Capital has maintained a Hold rating on Apple Hospitality REIT while raising the price target from $12.00 to $13.00. This decision reflects improved fundamentals, including better-than-expected first-quarter EBITDA and an enhanced 2026 outlook. However, Klein notes potential risks from higher fuel costs affecting travel and the company's performance being in line with peers rather than outperforming. Bank of America Securities also holds a Hold rating with a $13.00 target.