UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on DiamondRock Hospitality Company Following Solid 1Q Results

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on DiamondRock Hospitality Company

, and slightly raised the price target from $9.50 to $10.00. In the report, Poole noted, “We are raising our 2013 estimates following solid 1Q results, and we are also increasing our 2014 estimates for the expected opening of the Hilton Garden Inn Times Square in mid 2014. While the lodging supply trends remain strong, large renovations in 2013 and execution risk that go along with such renovations keep us at Hold. We are raising our price target from $9.50 to $10. Hold.” DiamondRock Hospitality Company closed on Friday at $9.96.