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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Read More on RLJ:
- Lodging REIT sector should rally after Bloomberg report on Sunstone, says Stifel
- RLJ Lodging Trust price target raised to $12 from $11 at Oppenheimer
- RLJ Lodging Trust Reports Strong Q3 2024 Growth
- RLJ Lodging Trust reports Q3 adjusted FFO 40c, consensus 35c
- RLJ Lodging Trust backs FY24 adjusted FFO view $1.45-$1.58, consensus $1.50
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