Morgans Hotel Group Co.

Jefferies & Compnay maintained its Hold rating and Price Target of $9 on shares of Morgans Hotel Group(MHGC) Jefferies states,"We believe the execution of an asset lighter strategy with the recent sale of three owned hotels and new management contracts clearly improve the leverage profile and...

Jefferies, which downgraded Morgans Hotel Group Co. (NYSE: MHGC), is providing some color on the stock. “[Our downgrade] reflect[s] the increasing risk to the company's management agreement at the Hard Rock Las Vegas, which could mitigate the benefits of capital recycling and new management...

Jefferies & Company says that with the supply side of the hotel industry's equation benign and well understood by the Street, demand trends should be the key drivers of the stocks. “From this perspective, we examine the dichotomy between the recovery in business and group demand and that of...