Oppenheimer Maintains Outperform Rating for RLJ Lodging: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Oppenheimer has reaffirmed its Outperform rating for RLJ Lodging (NYSE:RLJ) and increased its price target from $14.00 to $15.00. RLJ Lodging's shares are currently trading at $11.78, and the new price target suggests a potential 27.33% increase. RLJ Lodging Trust is a REIT focusing on hotels in urban and dense suburban areas across the U.S., operating under Marriott, Hilton, and Hyatt brands.
February 29, 2024 | 5:00 pm
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Oppenheimer maintains Outperform rating for RLJ Lodging and raises price target to $15, indicating a potential 27.33% increase from the current price.
The reaffirmation of the Outperform rating and the increase in price target by a reputable analyst firm like Oppenheimer can positively influence investor sentiment and potentially drive up RLJ Lodging's stock price in the short term. The specific mention of a 27.33% potential increase provides a clear and optimistic price expectation, which could attract investor interest and buying activity.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100