Hersha Hospitality price target lowered to $8 from $9 at Barclays

Barclays analyst Anthony Powell lowered the firm’s price target on Hersha Hospitality to $8 from $9 and keeps an Underweight rating on the shares. The analyst expects most lodging real estate investment trusts to report results in the lower half of guidance, and in some cases, below consensus, with some exceptions. Overall trends are mixed, with some segments and markets underperforming others, the analyst tells investors in a research note.