tiprankstipranks
Trending News
More News >

Pebblebrook Hotel price target lowered to $9 from $10 at Truist

Truist analyst C. Patrick Scholes lowered the firm’s price target on Pebblebrook Hotel (PEB) to $9 from $10 and keeps a Hold rating on the shares. The company provided cautious commentary at Q1 earnings, but the firm could see some surprising upside if more Americans decide to stay domestic/regional for vacations, the analyst tells investors in a research note. Truist adds that the stock looks fairly priced today in a soft macro environment but with downside risks given high relative leverage.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue