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.
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