Pebblebrook Hotel price target lowered to $13 from $15 at Wells Fargo

Wells Fargo lowered the firm’s price target on Pebblebrook Hotel to $13 from $15 and keeps an Equal Weight rating on the shares. Heading into the fall, investor sentiment for the lodging real estate investment trusts remains negative, the analyst tells investors in a research note. The firm says consumer headlines remain a greater concern than earnings risk.