Zacks Investment Research downgraded shares of DIAMONDROCK HOS (DRH) from OUTPERFORM to NEUTRAL on September 11, 2012, with a target price of $11.40.
DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International.
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