Morgan Stanley Provides Color on DiamondRock Hospitality

Morgan Stanley provided color on DiamondRock Hospitality DRH. In a research report published today, Morgan Stanley stressed it believes the company's stock will rise over the next 30 days. In the report, Morgan Stanley states, “We believe the share price will fall relative to the industry over the next 30 days. This is because of an earnings release. We believe there is greater risk to DRH's 2Q earnings than is currently priced into the stock given high Marriott brand exposure… We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.” At the moment, Morgan Stanley has an Equal-weight rating placed on the company's stock. On Friday, DRH added 1.84% to its value to finish the week at $10.52.