Wells Fargo Maintains Equal-Weight on Pebblebrook Hotel, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten maintains an Equal-Weight rating on Pebblebrook Hotel (NYSE:PEB) but lowers the price target from $15 to $13.
September 13, 2024 | 3:22 pm
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Wells Fargo has maintained its Equal-Weight rating on Pebblebrook Hotel but has lowered the price target from $15 to $13, indicating a less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on Pebblebrook Hotel's future performance, which could negatively impact the stock price in the short term.
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