UPDATE: Deutsche Bank Raises PT to $24 on Chesapeake Lodging on Q4 Results, Equity Offering

Deutsche Bank maintained Chesapeake Lodging (NYSE: CHSP ) with a Buy rating and raised the price target from $22.00 to $24.00. Deutsche Bank noted, "Preliminary 4Q AFFO and EBITDA handily exceeded our estimates. With the proceeds from the equity offering, we expect CHSP to repay debt and purchase additional hotels.