Wells Fargo lowered the firm’s price target on RLJ Lodging Trust (RLJ) to $9.75 from $10.50 and keeps an Underweight rating on the shares. Ahead of Q4 earnings, the firm is reducing its 2025 EBITDA and FFO/share estimates by 1% and 2%, respectively, taking into account the potential trajectory of quarter-to-date RevPAR headwinds/tailwinds, renovations, and higher interest rates.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RLJ: