RLJ Lodging Trust price target lowered to $12 from $14 at KeyBanc

KeyBanc lowered the firm’s price target on RLJ Lodging Trust (RLJ) to $12 from $14 and keeps an Overweight rating on the shares. The Lodging REITs continue to face an uncertain fundamental and economic backdrop related to looming tariffs, DOGE spending cuts, geopolitical concerns, and waning consumer and business confidence, the firm says. Moreover, recent guidance cuts by U.S. airlines portend some signs of a pullback in travel demand, which is also showing up in recent TSA throughput data. The increased uncertainty has resulted in a tumultuous capital markets backdrop, says KeyBanc.