Chatham Lodging price target lowered to $16 from $18 at B. Riley

B. Riley analyst Bryan Maher lowered the firm’s price target on Chatham Lodging Trust to $16 from $18 and keeps a Buy rating on the shares. The analyst believes the pace of the company’s earnings growth will begin to moderate in 2023. Economic activity will likely slow throughout the year as the Fed pushes interest rates higher, the analyst tells investors in a research note.