Wells Fargo Maintains Equal-Weight on Pebblebrook Hotel, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Equal-Weight rating on Pebblebrook Hotel Trust (PEB) but has reduced the price target from $16 to $13.
November 13, 2023 | 3:00 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Pebblebrook Hotel Trust but lowered the price target from $16 to $13, indicating a potential downside compared to the previous target.
The reduction in price target by a major financial institution like Wells Fargo suggests that the analyst sees less upside potential for PEB, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100