RLJ Lodging Trust downgraded to Hold from Buy at Truist

Truist downgraded RLJ Lodging Trust (RLJ) to Hold from Buy with a price target of $10, down from $11, citing forward lodging data on D.C. and leisure that the analyst says “presents too much downside risk to maintain our Buy rating.” The timing of the weaker trends is “unfortunate” given RLJ’s improved investor sentiment earlier this year, as well as the continued ramp of repositioned assets and improvement in urban RevPAR, the analyst tells investors.