Raymond James analyst RJ Milligan double upgraded RLJ Lodging Trust (RLJ) to Strong Buy from Market Perform with a $9 price target The shares, after significantly underperforming the group year-to-date, are trading at a “compelling” discount that should close given an improving sector outlook for 2026, the analyst tells investors in a research note. Raymond James says that given an improving outlook for next year, it is “increasingly more bullish” on the lodging real estate investment trusts.
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