Wells Fargo Maintains Equal-Weight on Diamondrock Hospitality, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten maintains an Equal-Weight rating on Diamondrock Hospitality (NYSE:DRH) but lowers the price target from $9.5 to $9.
September 13, 2024 | 3:00 pm
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Wells Fargo has maintained its Equal-Weight rating on Diamondrock Hospitality but has lowered the price target from $9.5 to $9, indicating a slightly less optimistic outlook.
The lowering of the price target from $9.5 to $9 by Wells Fargo suggests a slightly less optimistic view on Diamondrock Hospitality's future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
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