Pebblebrook Hotel price target lowered to $18 from $22 at Barclays

Barclays analyst Anthony Powell lowered the firm’s price target on Pebblebrook Hotel Trust to $18 from $22 and keeps an Equal Weight rating on the shares. While Pebblebrook’s "meaningful" guidance cut could be interpreted as a broader weakening of lodging demand, the underperformance versus the sector suggests some "idiosyncratic mix issues," Powell tells investors in a research note. That said, the analyst believes the shares will likely continue to be under pressure.