Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Pebblebrook Hotel to $12 from $11 and keeps an Underweight rating on the shares. The firm is “taking some chips off the table” in gaming to reflect a more tempered view going into 2024 and says it sees gaming/lodging/leisure having “another mixed hand into 2024,” the analyst tells investors in a Gaming & Lodging 2024 outlook note.
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