Oppenheimer Maintains Outperform on RLJ Lodging, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Tyler Batory has maintained an 'Outperform' rating on RLJ Lodging (NYSE:RLJ), but lowered the price target from $15 to $13.

July 05, 2023 | 12:35 pm
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RLJ Lodging's price target has been lowered from $15 to $13 by Oppenheimer, although the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100