Lucid Capital Markets initiates Service Properties Trust stock with buy rating
Lucid Capital Markets initiated coverage on Service Properties Trust (SVC) with a Buy rating and $9.00 price target, citing undervaluation. SVC reported Q2 revenue of $420.97M, beating estimates, but posted a larger-than-expected loss. The company owns 745 retail properties and 93 hotels, with plans to improve hotel EBITDA margins and reduce capital expenditures.




