Compass Point Downgrades RLJ Lodging to Neutral, Announces $10 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Floris Van Dijkum has downgraded RLJ Lodging (NYSE:RLJ) from Buy to Neutral and set a price target of $10.
August 05, 2024 | 10:31 am
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Compass Point analyst Floris Van Dijkum downgraded RLJ Lodging from Buy to Neutral and set a price target of $10.
The downgrade from Buy to Neutral by a reputable analyst and the setting of a $10 price target is likely to negatively impact RLJ Lodging's stock price in the short term as it signals reduced confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100