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AI Research

FIFA World Cup tailwind; resort sales generate $1.1B; BofA raises target to $22

Host Hotels & Resorts outlined an upbeat 2026 outlook highlighting benefits from affluent travel demand, the FIFA World Cup, and muted new hotel supply, while completing the sale of two major resort properties for approximately $1.10B. Bank of America raised its price target to $22 from $20, and Citigroup lifted its target to $22 with a Buy rating, following Q4 results showing revenue of $1.60B exceeding estimates. The company declared a $0.20 quarterly dividend and set FY2026 guidance of $2.03-$2.11 EPS.