Diamondrock (DRH) Gets a Sell Rating from Wells Fargo

By Carrie Williams

In a report released today, Jeffrey Donnelly from Wells Fargo maintained a Sell rating on Diamondrock (DRHResearch Report). The company’s shares opened today at $10.84.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 6.1% and a 69.5% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Diamondrock with a $9.60 average price target, which is a -11.4% downside from current levels. In a report issued on February 27, Morgan Stanley also maintained a Sell rating on the stock with a $9 price target.

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The company has a one-year high of $12.99 and a one-year low of $8.70. Currently, Diamondrock has an average volume of 3.22M.

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DiamondRock Hospitality Co. is a real estate investment trust with interests in hotels and resorts portfolio. Its activities include owning and management of lodging properties. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in July 2004 and is headquartered in Bethesda, MD.