DiamondRock Hospitality Company Price & Performance (DRH)

DiamondRock Hospitality has seen its price target cut by both Morgan Stanley and Stifel, now set at $7 and $8 respectively. Both firms maintain Hold ratings, citing weaker demand and ongoing uncertainty in the hospitality sector. Despite this, analysts see potential for upside if market conditions stabilize.123

DiamondRock Hospitality stock experienced notable swings, recently gaining 12% in pre-market trading on bullish sentiment but faces a downgraded outlook from technical analysts. While optimism surrounds upcoming preferred stock events, short-term projections suggest continued volatility and potential downside in the next quarter.45

Truist Securities reaffirmed its Hold rating and $10 price target on DiamondRock Hospitality after recent management meetings. The company reported solid revenue and EBITDA growth, but acknowledged business softness and challenges in forecasting bookings. Strategic shifts and a focus on free cash flow remain central to its outlook.67