Morgan Stanley analyst Stephen Grambling lowered the firm’s price target on Pebblebrook Hotel (PEB) to $7 from $9 and keeps an Underweight rating on the shares. The firm has lowered estimates for lodging and timeshare stocks in its coverage on weaker demand indicators and tweaked down multiples to mark to market, the analyst tells investors.
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Read More on PEB:
- Pebblebrook Hotel Announces Quarterly Dividend Payments
- Pebblebrook Hotel downgraded to Neutral at Compass Point amid ‘reset year’
- Pebblebrook Hotel downgraded to Neutral from Buy at Compass Point
- Pebblebrook Hotel Trust Reports 2024 Financial Results
- Pebblebrook Hotel Trust’s Mixed Earnings Call Insights
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