Oppenheimer raised the firm’s price target on RLJ Lodging Trust (RLJ) to $12 from $11 and keeps an Outperform rating on the shares following the company’s earnings report. The firm slightly increased our FY24 estimates to reflect Q3 results above its expectations.
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Read More on RLJ:
- 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
- RLJ Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- RLJ Lodging Trust price target lowered to $11 from $14 at Truist