Wells Fargo Downgrades Diamondrock Hospitality to Equal-Weight, Announces $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten downgraded Diamondrock Hospitality (DRH) from Overweight to Equal-Weight and set a price target of $9.
December 08, 2023 | 12:04 pm
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NEGATIVE IMPACT
Wells Fargo downgraded Diamondrock Hospitality from Overweight to Equal-Weight with a $9 price target.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $9 may also set investor expectations on the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100