Truist Securities Maintains Buy on RLJ Lodging, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on RLJ Lodging but lowered the price target from $14 to $11.
October 28, 2024 | 1:23 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on RLJ Lodging but lowered the price target from $14 to $11, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in RLJ Lodging's potential, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100