B of A Securities Maintains Underperform on RLJ Lodging, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Shaun Kelley maintains an Underperform rating on RLJ Lodging (NYSE:RLJ) and lowers the price target from $12 to $10.
July 22, 2024 | 5:05 pm
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NEGATIVE IMPACT
B of A Securities analyst Shaun Kelley maintains an Underperform rating on RLJ Lodging and lowers the price target from $12 to $10.
The Underperform rating and lowered price target from $12 to $10 by B of A Securities suggest a negative outlook for RLJ Lodging. This is likely to result in a short-term decline in the stock price as investors react to the downgraded expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100