B of A Securities Downgrades Pebblebrook Hotel to Underperform, Announces $13.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Shaun Kelley has downgraded Pebblebrook Hotel (NYSE:PEB) from Neutral to Underperform and set a price target of $13.5. This downgrade reflects a negative outlook on the stock's performance.
January 08, 2024 | 3:54 pm
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Pebblebrook Hotel has been downgraded by B of A Securities from Neutral to Underperform with a price target of $13.5, indicating a bearish outlook.
Downgrades by analysts, especially from a major firm like B of A Securities, can lead to a negative perception among investors and a potential decrease in stock price. The setting of a price target below the current market price further suggests an expectation of a decline in the stock's value.
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