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Pebblebrook Hotel price target raised to $13 from $11.75 at Stifel

Stifel raised the firm’s price target on Pebblebrook Hotel (PEB) to $13 from $11.75 and keeps a Buy rating on the shares after the company reported Q2 AFFO that was 3c above the firm’s estimate and 6c above the Street consensus, driven by higher revenues and better margins.

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