UPDATE: Deutsche Bank Downgrades Chesapeake Lodging Trust to Hold on Valuation
May 09, 2013 at 10:10 AM EDT
In a report published Thursday, Deutsche Bank analyst Tim Wengerd downgraded the rating on Chesapeake Lodging Trust (NYSE: CHSP ) from Buy to Hold, but reiterated the $24.00 price target. In the report, Wengerd noted, “Despite another solid quarter with significant margin growth, we are downgrading CHSP from Buy to