Deutsche Bank upgraded DiamondRock (DRH) to Buy from Hold with a price target of $12, up from $10. The firm cites the stock’s relative valuation and company-specific catalysts for the upgrade. DiamondRock has the right combination of market exposure and “operator acumen” to drive solid RevPAR and EBITDA growth in 2026 and 2027, the analyst tells investors in a research note. The firm thinks the company’s markets are likely to outperform.
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Read More on DRH:
- DiamondRock price target raised to $9.50 from $8 at Citi
- DiamondRock upgraded to Buy from Hold at Truist
- DiamondRock initiated with an Equal Weight at Barclays
- Balanced Outlook for Diamondrock: Strategic Adjustments and Market Growth Amid Valuation Concerns
- DiamondRock price target raised to $9.75 from $9 at Stifel