Where Diamondrock Hospitality Stands With Analysts
Portfolio Pulse from Benzinga Insights
Diamondrock Hospitality (NYSE:DRH) has received 4 analyst ratings in the last quarter, with an average 12-month price target of $9.25, a decrease of 3.85% from the previous target of $9.62. The ratings consist of 1 somewhat bullish and 3 indifferent, with no bullish or bearish ratings. Analysts provide these ratings based on financial statements, meetings, and insider information to guide investors, though they reflect opinions and can be subject to human error.
November 13, 2023 | 3:00 pm
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NEGATIVE IMPACT
Diamondrock Hospitality's average analyst price target has been lowered to $9.25, indicating a potential decrease in investor confidence and a negative short-term impact on the stock.
The reduction in the average price target for DRH, along with the predominantly indifferent analyst ratings, suggests that expectations for the company's performance are moderate to low. This could lead to a decrease in investor confidence and potentially a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100