BUZZ-Service Properties Trust up on Wells Fargo upgrade

Reuters
03-19
BUZZ-<a href="https://laohu8.com/S/SVC">Service Properties Trust</a> up on Wells Fargo upgrade

** Shares of Service Properties Trust SVC.O jump 18% to $2.94

** Wells Fargo raises SVC's rating to "overweight" from "underweight", raises PT to $4 from $2.50

** Over the next month, expect progress towards SVC's $1.1 billion in dispositions to be announced - brokerage

** Wells Fargo views the pitch of acquiring hotels unencumbered by management with all-in pricing below replacement as attractive

** SVC fell over 70% in 2024

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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