Baird upgraded Pebblebrook Hotel (PEB) to Outperform from Neutral with a price target of $15, up from $13. The firm adjusted hotel real estate investment trust ratings as part of its 2026 outlook. It has an “incrementally positive view” of Pebblebrook shares given its expectations for better industry-wide growth as well as several asset- and market-specific drivers for the company’s portfolio, including an “outsized benefit” from FIFA World Cup, Super Bowl LX, and a broader recovery in San Francisco.
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