Morgan Stanley has revised its price target for DiamondRock Hospitality Company (DRH, Financial), reducing it to $7 from a previous target of $9. The financial services firm has maintained its Equal Weight rating on the stock.
This adjustment comes as Morgan Stanley updates its outlook for the lodging and timeshare sector, citing signs of declining demand. The decision reflects the firm's broader strategy to adjust valuations and projections in line with current market conditions.
Investors are advised that these revisions are part of a wider reassessment of the hospitality sector amid fluctuating market dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Diamondrock Hospitality Co (DRH, Financial) is $9.61 with a high estimate of $12.00 and a low estimate of $7.75. The average target implies an upside of 38.13% from the current price of $6.96. More detailed estimate data can be found on the Diamondrock Hospitality Co (DRH) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Diamondrock Hospitality Co's (DRH, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Diamondrock Hospitality Co (DRH, Financial) in one year is $9.59, suggesting a upside of 37.79% from the current price of $6.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Diamondrock Hospitality Co (DRH) Summary page.
