Morgan Stanley Downgrades Diamondrock Hospitality To Equal-weight

Analysts at Morgan Stanley downgraded Diamondrock Hospitality Co. DRH from undefined to Equal-weight. The price target for Diamondrock Hospitality has been lowered from $16.00 to $15.00. Diamondrock Hospitality shares have gained 9.92% over the past 52 weeks, while the S&P 500 index has surged 10.34% in the same period. Diamondrock Hospitality shares fell 2.52% to close at $13.52 on Friday.