Wells Fargo Downgrades RLJ Lodging to Underweight, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded RLJ Lodging from Equal-Weight to Underweight and reduced its price target from $11 to $9.
September 13, 2024 | 2:18 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded RLJ Lodging from Equal-Weight to Underweight and reduced its price target from $11 to $9, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by Wells Fargo suggests a negative outlook on RLJ Lodging's stock. The reduction in price target from $11 to $9 further supports this bearish sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100