Truist lowered the firm’s price target on RLJ Lodging Trust (RLJ) to $11 from $14 and keeps a Buy rating on the shares. Hotel-level cost pressures will likely challenge the stock into 2025, the analyst tells investors in a research note.
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Read More on RLJ:
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- RLJ Lodging Trust downgraded to Peer Perform from Outperform at Wolfe Research
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- Wells downgrades ‘show-me story’ RLJ Lodging Trust to Underweight
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