RLJ Lodging Trust price target raised to $8 from $7 at Truist

Truist raised the firm’s price target on RLJ Lodging Trust (RLJ) to $8 from $7 and keeps a Hold rating on the shares. The firm has a “less bearish” 2026 projection based on its unchanged 10.5-times assumed forward EBITDA multiple, though it continuec to view RLJ relatively challenged within its Lodging REIT coverage given almost no luxury exposure, international inbound demand challenges to gateway markets, and city-specific factors such as Austin and D.C., the analyst tells investors in a research note.