Wedbush analyst Richard Anderson downgraded Pebblebrook Hotel (PEB) to Underperform from Neutral with a $1,313 price target Pebblebrook maintains the greatest level of overall demand stemming from leisure transient customers at 45% in the sector, a segment which has been under pressure, the analyst tells investors in a research note. Wedbush says that with the recent spike in interest rates and “many economic questions” to start 2025, it it taking a more cautious approach to Pebblebrook’s leisure transient demand.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEB:
- Pebblebrook Hotel Declares Q4 2024 Dividends
- Pebblebrook Hotel price target raised to $16 from $14 at Wells Fargo
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- Pebblebrook Hotel price target raised to $16.25 from $15 at Stifel
- Pebblebrook Hotel price target raised to $14 from $13 at Wells Fargo