DiamondRock price target raised to $8.25 from $7.75 at Wells Fargo

Wells Fargo raised the firm’s price target on DiamondRock (DRH) to $8.25 from $7.75 and keeps an Equal Weight rating on the shares. The firm is updating estimates following its meetings at Nareit and latest industry data. Based on recent conversations with investors, Wells would highlight generally negative, but improving sentiment on the lodging REIT sector.