Truist lowered the firm’s price target on DiamondRock to $10 from $11 and keeps a Hold rating on the shares as part of a broader research note on Lodging and Leisure. The firm is updating its models following the group’s Q2 results, also cutting its FY23 FFO view to $1.01 from $1.09.
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Read More on DRH:
- DiamondRock sees Q3 RevPar -1.5% to -2.0% vs. 0.6% in Q2
- DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR THIRD QUARTER 2023
- DiamondRock reports Q2 adjusted FFO 32c, consensus 34c
- DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER RESULTS
- DiamondRock acquires interest in Chico Hot Springs Resort
