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Morgans Hotel Group Co. (MHGC) [hlAlert]

Rating:
Sell MHGC
down 53.63 %

Morgans Hotel Group Co. (MHGC) downgraded to Sell with price target $1.80 by MKM Partners

Posted on: Thursday,  Jan 14, 2016  11:25 AM ET by MKM Partners

MKM Partners rated Sell Morgans Hotel Group Co. (NASDAQ: MHGC) on 01/14/2016, when the stock price was $2.04.
Since then, Morgans Hotel Group Co. has gained 115.69% as of 01/14/2016's recent price of $4.40.
If you would have followed this MKM Partners's recommendation on MHGC, you would have lost 53.63% of your investment in 0 days.

Morgans Hotel Group Co. is an integrated hospitality company that operates, owns, acquires, develops and redevelops boutique hotels primarily in gateway cities and select resort markets in the United States, Europe and in select international locations. As of December 31, 2008, the Company owned or partially owned, and managed a portfolio of 12 luxury hotel properties in New York, Miami, Los Angeles, Scottsdale, San Francisco, London and Las Vegas, comprising approximately 3,700 rooms. In addition, it has two hotel developments, in Boston and New York, and a hotel expansion in Las Vegas representing an estimated 1,300 additional guest rooms. In June 2008, the Company entered in a joint venture agreement with Normandy Real Estate Partners and Ames Hotel Partners as part of the development of the Ames hotel in Boston, Massachusetts.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2016 11:25 AM Sell
None
2.04 1.80
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/5/2013 11:25 AM Hold
None
7.76 9.00

(*) Stock Price at the time of the recommendation.
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