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.
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