Morgan Stanley Maintains Underweight on Pebblebrook Hotel, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has maintained an 'Underweight' rating on Pebblebrook Hotel (NYSE:PEB) and lowered the price target from $12 to $11.
November 07, 2023 | 1:54 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Pebblebrook Hotel and lowered the price target, which could negatively impact the stock's price.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for Pebblebrook Hotel. The lowering of the price target from $12 to $11 further suggests that the analyst expects the stock's price to decrease in the short term. This could lead to a negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100