Apple Hospitality REIT price target lowered to $15 from $16 at Wells Fargo

Wells Fargo lowered the firm’s price target on Apple Hospitality REIT to $15 from $16 and keeps an Equal Weight rating on the shares. Heading into the fall, investor sentiment for the lodging real estate investment trusts remains negative, the analyst tells investors in a research note. The firm says consumer headlines remain a greater concern than earnings risk.