Wells Fargo Maintains Overweight on Diamondrock Hospitality, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Overweight rating on Diamondrock Hospitality (NYSE:DRH) but lowered the price target from $10 to $9.5.

November 13, 2023 | 2:59 pm
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Wells Fargo analyst Dori Kesten maintained an Overweight rating on Diamondrock Hospitality but reduced the price target to $9.5.
The maintenance of an Overweight rating suggests a positive outlook on Diamondrock Hospitality, indicating that Wells Fargo still sees the company as a good investment. However, the reduction in the price target could imply a tempered expectation of future price performance, which may lead to a neutral short-term impact on the stock as investors digest the mixed signals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100