Raymond James analyst RJ Milligan upgraded Pebblebrook Hotel (PEB) to Outperform from Market Perform with a $14 price target The company’s Q4 beat, better 2025 RevPAR outlook versus peers, outperformance at redeveloped assets, and an EBITDA guidance that would have been above consensus if not for the Los Angeles fires, point to an improving fundamental backdrop for the industry and Pebblebrook’s portfolio in particular, the analyst tells investors in a research note. The firm sees an attractive entry point with the shares down 13% year-to-date.
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