Fly News Breaks for December 20, 2019
Dec 20, 2019 | 04:54 EDT
Stifel analyst Simon Yarmak raised his price target for DiamondRock Hospitality Company to $12 from $11 and named the shares his top pick in the lodging real estate investment trust space. The company should post among the strongest relative RevPAR growth next year given its resorts portfolio and attractive geographical setup in 2020, Yarmak tells investors in a research note. DiamondRock should also benefit from the Frenchmen's Reef resort opening next year, adds the analyst, who keeps a Buy rating on the shares.
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