Wells Fargo Maintains Equal-Weight on RLJ Lodging, Raises Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Equal-Weight rating on RLJ Lodging Trust (NYSE:RLJ) and increased the price target from $11 to $12.5.

December 22, 2023 | 1:48 pm
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Wells Fargo analyst Dori Kesten reaffirmed an Equal-Weight rating on RLJ Lodging Trust and raised the price target to $12.5, indicating a positive outlook on the stock.
The increase in price target by Wells Fargo suggests a positive sentiment towards RLJ Lodging Trust's stock performance in the short term. The Equal-Weight rating indicates that the analyst believes the stock is fairly valued at its current price, but the raised target implies an expectation of some upside. This could lead to increased investor interest and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100