Wells Fargo raised the firm’s price target on Pebblebrook Hotel (PEB) to $16 from $14 and keeps an Equal Weight rating on the shares. The lodging REITs are coming off a period of limited M&A chatter, and the firm expects the news of interest in Sunstone Hotel (SHO) to also accrue to peers, providing a slightly elevated floor.
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- Pebblebrook Hotel price target raised to $14 from $13 at Wells Fargo
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