Wells Fargo analyst Dori Kesten raised the firm’s price target on RLJ Lodging Trust (RLJ) to $10.50 from $10 and keeps an Underweight rating on the shares. The lodging REITs are coming off a period of limited M&A chatter, and the firm expects the news of interest in Sunstone Hotel (SHO) to also accrue to peers, providing a slightly elevated floor.
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