Barclays analyst Anthony Powell lowered the firm’s price target on RLJ Lodging Trust to $14 from $15 and keeps an Equal Weight rating on the shares. The analyst expects most lodging real estate investment trusts to report results in the lower half of guidance, and in some cases, below consensus, with some exceptions. Overall trends are mixed, with some segments and markets underperforming others, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RLJ:
- RLJ Lodging Trust price target lowered to $14 from $15 at Truist
- RLJ Lodging Trust downgraded to Perform from Outperform at Oppenheimer
- 5 Top Hotel Stocks to Buy Now, According to Analysts – July 2023
- RLJ Lodging Trust price target raised to $11.00 from $10.50 at Wells Fargo
- RLJ Lodging Trust appoints Chad Perry as EVP General Counsel